for my next trick….

[SD Realtor]

Don’t blow off the statements made by Barney Frank today about abolishing the GSEs. I can think of some scenarios coming up this next year and NONE of them are good.

[scaredyclassic]

what happens next?

[scaredyclassic]

what happens next?

[scaredyclassic]

what happens next?

[scaredyclassic]

what happens next?

[scaredyclassic]

what happens next?

[SD Realtor]

Don’t know. If you read the comments from Barney Frank the senate finance committee intends to recommend that the GSEs no longer exist and a new entity (government run) will be created to purchase mortgages. (Since there is no second market).

Your tax dollars at work. I guess it doesnt matter because your tax dollars backstop the GSEs and pay the bonuses for their heads anyways.

Good thing Barney Frank is on the case!

[SD Realtor]

Don’t know. If you read the comments from Barney Frank the senate finance committee intends to recommend that the GSEs no longer exist and a new entity (government run) will be created to purchase mortgages. (Since there is no second market).

Your tax dollars at work. I guess it doesnt matter because your tax dollars backstop the GSEs and pay the bonuses for their heads anyways.

Good thing Barney Frank is on the case!

[SD Realtor]

Don’t know. If you read the comments from Barney Frank the senate finance committee intends to recommend that the GSEs no longer exist and a new entity (government run) will be created to purchase mortgages. (Since there is no second market).

Your tax dollars at work. I guess it doesnt matter because your tax dollars backstop the GSEs and pay the bonuses for their heads anyways.

Good thing Barney Frank is on the case!

[SD Realtor]

Don’t know. If you read the comments from Barney Frank the senate finance committee intends to recommend that the GSEs no longer exist and a new entity (government run) will be created to purchase mortgages. (Since there is no second market).

Your tax dollars at work. I guess it doesnt matter because your tax dollars backstop the GSEs and pay the bonuses for their heads anyways.

Good thing Barney Frank is on the case!

[SD Realtor]

Don’t know. If you read the comments from Barney Frank the senate finance committee intends to recommend that the GSEs no longer exist and a new entity (government run) will be created to purchase mortgages. (Since there is no second market).

Your tax dollars at work. I guess it doesnt matter because your tax dollars backstop the GSEs and pay the bonuses for their heads anyways.

Good thing Barney Frank is on the case!

[briansd1]

As much as some of us like to disparage government involvement, I think that our hybrid GSE system is not so good compared to the French (or other socialist) system of state controlled enterprises.

The GSEs are backstopped by the government but all along the executives and intermediaries looted the companies. We had a semblance of a free market, but we end up with bankrupt companies (and some very rich executives who made out with our money).

It would have been much better 1) had the GSEs been agencies of the government with executives paid just like other Federal employees, or 2) had the GSEs not been created at all.

[briansd1]

As much as some of us like to disparage government involvement, I think that our hybrid GSE system is not so good compared to the French (or other socialist) system of state controlled enterprises.

The GSEs are backstopped by the government but all along the executives and intermediaries looted the companies. We had a semblance of a free market, but we end up with bankrupt companies (and some very rich executives who made out with our money).

It would have been much better 1) had the GSEs been agencies of the government with executives paid just like other Federal employees, or 2) had the GSEs not been created at all.

[briansd1]

As much as some of us like to disparage government involvement, I think that our hybrid GSE system is not so good compared to the French (or other socialist) system of state controlled enterprises.

The GSEs are backstopped by the government but all along the executives and intermediaries looted the companies. We had a semblance of a free market, but we end up with bankrupt companies (and some very rich executives who made out with our money).

It would have been much better 1) had the GSEs been agencies of the government with executives paid just like other Federal employees, or 2) had the GSEs not been created at all.

[briansd1]

As much as some of us like to disparage government involvement, I think that our hybrid GSE system is not so good compared to the French (or other socialist) system of state controlled enterprises.

The GSEs are backstopped by the government but all along the executives and intermediaries looted the companies. We had a semblance of a free market, but we end up with bankrupt companies (and some very rich executives who made out with our money).

It would have been much better 1) had the GSEs been agencies of the government with executives paid just like other Federal employees, or 2) had the GSEs not been created at all.

[Author]

Posts