THE FUTURE OF FANNIE AND FREDDIE

August 17, 2010 at 1:31 pm Leave a comment

Airtime: Tues. Aug. 17 2010 | 6:10 AM ET
Treasury Secretary Timothy Geithner addresses a summit: “The Future of Housing Finance,” and discusses the role of Fannie & Freddie in the housing market.

http://www.cnbc.com/id/15840232?video=1568158875&play=1

Our future lies in the hands of Fannie Mae and Freddie Mac which our government recently took over. Majority of homes are owned by Fannie and Freddie. In simple terms, the government owns your home. Uncle Sam has not come up with a plan that works. Hopefully, this plan would solve the housing mess as quickly as possible. The executives of Fannie and Freddie should also face legal scrutiny for taking on loans without enough reserves to cover the losses. They should be held accountable for bad and deceitful decisions they made which resulted to their private gain at the expense of heavy taxpayers losses. Who among our corrupt leaders be the first to say that outloud?

Entry filed under: Arizona Real Estate, Chandler Real Estate, Foreclosures & Short Sales, Phoenix Real Estate. Tags: , .

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