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Federal housing bailouts to rear it's head again

BeachSiO2 avatar
BeachSiO2Beach Fanatic
444 views
Breaking from the Washington Post...

The federal bailout for Fannie Mae and Freddie Mac could more than
double in size during the next three years, according to projections
from the Federal Housing Finance Agency.

The federally controlled mortgage giants will likely need at
least another $73 billion and perhaps as much $215 billion from
taxpayers in the next three years to meet their financial obligations.

Replies

6
Miss Kitty avatar
Miss KittyMeow
#2
That almost looks like one of your famous haikus! :wave:
BeachSiO2 avatar
BeachSiO2Beach FanaticAuthor
#3
That almost looks like one of your famous haikus! :wave:

You asked for it....:wave:

Billions on the way
Trillions on the horizon?
Printing press on high
Matt J avatar
Matt JSWGB
#4
Lets just let them fail, what's the worst that could happen?
Miss Kitty avatar
Miss KittyMeow
#5
You asked for it....:wave:

Billions on the way
Trillions on the horizon?
Printing press on high

:wub:..that was priceless, but you will need to pay an entertainment tax on it.
BeachSiO2 avatar
BeachSiO2Beach FanaticAuthor
#6
:wub:..that was priceless, but you will need to pay an entertainment tax on it.

Only if I can get a tax rebate/write-off in the form of a drink with an umbrella in it. ;-)
DuneAHH avatar
DuneAHHBeach Fanatic
#7
Lets just let them fail, what's the worst that could happen?

I'm with ya.
Two more GSEs mired to their hairlines in filth and fraud.

Evoke the Wilson Trap-door act.
FLUSH-woosh-and-away-we-go-Alice!

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