Tuesday, October 20, 2009

Deja Vu

Obama enlists Fannie and Freddie in bid to boost mortgages

The Obama administration launched a new initiative Monday aimed at supporting affordable mortgages, backed by the federal government.

Several cabinet agencies announced a new program to provide assistance to state housing financing agencies (HFAs), administered in part by the government-run Fannie Mae and Freddie Mac companies.

Dude! This is exactly what pushed our economy over the edge in the first place. We haven't even recovered from it yet, talk about kicking a man when he's down.

What's the definition of insanity again? Either that or you are deliberately sabotaging out country. Which is it?

No comments: