The politics of a government power play : Housing Wire on Fannie Freddie Takeover
by Tom on September 9, 2008
in Market Musings
Asked whether he felt duped, Mr. Dodd said, “I was born at night but not last night.”
We’ve been told that the government will look to limit growth in mortgage holdings this year and next, and then start to shrink the portfolio holdings of both Fannie and Freddie in the name of “reducing systemic risk.”
Yet we’re also being told that the government will work with the GSEs to reduce g-fees and loosen credit restrictions in the name of making mortgages more available.
You can’t have your cake and eat it too, and I fear we’re being fed a line of B.S. here for anyone willing to look at the import of what’s actually being sold to the American public.
The politics of a government power play : Housing Wire.
Interest angle to the things that are going on with Fannie and Freddie. What do you think?
I’ve known and been reading Paul Jackson for a long time. He knows where it’s at.
“Yet we’re also being told that the government will work with the GSEs to reduce g-fees and loosen credit restrictions in the name of making mortgages more available.”
Reduce G-Fees is more like removing the taxpayers’ g-string,