tag:blogger.com,1999:blog-4900303239154048192.post6368085857624014469..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Why Are We Rushing To Get Rid Of Fannie Mae and Freddie Mac?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4900303239154048192.post-22004589334784927632013-08-21T19:23:25.643-04:002013-08-21T19:23:25.643-04:00During my brief stint in real estate sales in the ...During my brief stint in real estate sales in the 1980s, Fannie and Freddie not only guaranteed the loans, but set standards for insuring the loan in the first place. Not only did they set standards for the loans, they set standards for the houses being purchased. Inspections ensured that any major defects were brought to light, which in most cases had to be repaired before they signed off on the loan. The Fannie and Freddie of the 1980s and earlier would have at least mitigated the crash in 2007-08 I believe, if not prevented it. <br /><br />Doing away with them is just giving the finance sector that much more power and will not serve American people well. Please tell me which of the items on Reagan's wish list has Obama not fill yet? I'd like to know what I voted for.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-58676807782958692072013-08-19T00:53:29.338-04:002013-08-19T00:53:29.338-04:00This is a privatization issue, which always === a ...This is a privatization issue, which always === a fat cat buddy of mine can extract $10Ms from it if given a chance. Of course, without adding value. So, Free Enterprise, Full Steam Ahead!!!Chris Heinzhttps://www.blogger.com/profile/00045972508852914723noreply@blogger.com