Fannie & Freddy are buying again!

Anything, just anything the banks want to sell them that is bad!

The Treasury of the USA is open to Fannie & Freddy!

If the banks can get rid of the bad ones to them, then they can loan some more money to others to buy these foreclosed houses!
I can just see large investment corporations buying these foreclosed houses by the thousands and making a fortune selling them with new money from the banks from Fannie and Freddy!

Of course those people with homes over three quarter million dollar values that are in in arrears, will be allowed to re-finance at low interest rates.

Those don't go to Fannie and Freddy!

The devil is in the details!

Bonkers's blog | login to post comments