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NATIONAL FORECLOSURES INCREASED IN EVERY QUARTER OF 2005
RealtyTrac ^
| 1/23/2005
| Staff Writers
Posted on 02/07/2006 11:12:33 AM PST by ex-Texan
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To: ExSES
Whether this is an imminent danger or just a possibility, the marginal (and many fraudulent) mortgages are immediately resold into the secondary market after they are created. Yes they are. And they are guaranteed by Fannie and Freddie, not the US taxpayer.
41
posted on
02/08/2006 6:24:53 AM PST
by
Toddsterpatriot
(Waiting for Paul Ross to be right about anything.)
To: Toddsterpatriot
Yes they are. And they are guaranteed by Fannie and Freddie, not the US taxpayer. I realize that is correct, at the present, BUT..., politicians being what they are, Fannie and Freddie are "Too Big To Fail" and the taxpayers WILL be tapped when the "Guv'mint Bail Out Program" is enacted to save them!
42
posted on
02/08/2006 7:38:18 AM PST
by
ExSES
(the "bottom-line")
To: ExSES
So, we've gone from, "whenever a bubble breaks, the taxpayer
is on the hook" to "
if there are enough bad loans and
if the reserves aren't large enough the taxpayer is on the hook".
So, when should we expect the bailout? Or is it still a maybe?
43
posted on
02/08/2006 7:56:35 AM PST
by
Toddsterpatriot
(Waiting for Paul Ross to be right about anything.)
To: Toddsterpatriot
So, when should we expect the bailout? Or is it still a maybe? Obviously ..., it is still a future event! While crystal balls seem to be in short supply..., I, for one, got out of FNM investments in late 2004 and do not plan on getting back in for quite some period of time (if ever)...
44
posted on
02/08/2006 8:41:20 AM PST
by
ExSES
(the "bottom-line")
To: ExSES
Obviously ..., it is still a future event! Really? You made it sound like a foregone conclusion.
I, for one, got out of FNM investments in late 2004 and do not plan on getting back in for quite some period of time (if ever)...
I agree, buying FNM now would be like buying GM.
45
posted on
02/08/2006 8:46:00 AM PST
by
Toddsterpatriot
(Waiting for Paul Ross to be right about anything.)
To: Toddsterpatriot
This sort of scheme only works for the duration of the value bubble then..., the "homeowner" walks away leaving the TAXPAYERS to ultimately "pick up the tab"! You were guessing. Because it hasn't happen before. I guess you were not "tuned in" to economics during the "S&L Crisis" and subsequent "Bail Out" in the establishment of the Resolution Trust by Congress in 1989???
46
posted on
02/08/2006 8:47:34 AM PST
by
ExSES
(the "bottom-line")
To: ExSES
Because it (a bailout of Fannie Mae and Freddie Mac) hasn't happened before.
I guess you were not "tuned in" to economics during the "S&L Crisis" and subsequent "Bail Out" in the establishment of the Resolution Trust by Congress in 1989???
There is a difference between Fannie, Freddie and FDIC insured institutions.
47
posted on
02/08/2006 8:51:05 AM PST
by
Toddsterpatriot
(Waiting for Paul Ross to be right about anything.)
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