Fannie Freddie Changes Coming This Month?
So what’s the future for illegal foreclosure game Modification scam by @WellsFargo
Interesting insight. Like most conspiracy’s there is truth mixed with half truths. First, Fannie Mae and Freddie Mac did not need a bail out. The government assumed their default rate would have been like the rest of the greedy banks at around 35% but instead was around 12%. I will be damned if I am going to thank the government for stealing someone else’s nest egg on an assumption.
Second, the government created this mess. Democrats with their “everyone has a right to a home” ideology to the Republicans deregulating everything in sight. They shot themselves in the foot then want all of us to praise them for patching it up. They broke it, they should have fixed it.
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