It’s all noise, if Schumer had two or three senators in his camp they just left now that fannie and freddi lost half their value in the past few weeks just based on the preliminary results of their exposure to the first wave of crappy loans. There will be zero support to increase that exposure, it’s possible they will tighten standards, likely it will stay the same but highly improbable that they will loosen and expand them. I can guarantee that Schumer and other policians will continue to parade around with new ideas to save the people losing their homes but nothing will get done, it’s all for appearance sake to get votes. By the time the election rolls around it will be over, the majority of the arms will have reset and the houses will have been lost. It’s all pretend, there’s no way for the government to undo this, they didn’t cause it and they can’t fix it. Politicians will try to blame other politicians for it and claim to have a plan to fix it but understand that all it is, is noise.
SD, someone beat me to that repo I e-mailed you about. I won’t have to worry about the tough decision anymore, it got made for me, looks like I’m waiting it out.
