Article

2019-02-03 Economy

Banking chairman Mike Crapo proposes overhaul of Fannie and Freddie

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Posted by Besoeker 2019-02-03 04:05|| || Front Page|| [6 views ] Top

#1 Better do it soon and right, or we'll see another 2008-style meltdown.

Posted by Glenmore 2019-02-03 04:10|| 2019-02-03 04:10|| Front Page Top

#2 No one has fixed shit in this shit show and it will drag US all down

Great program, democrat

Posted by newc 2019-02-03 04:23|| 2019-02-03 04:23|| Front Page Top

#3 Doors should have been shuttered a long time ago.

Posted by Procopius2k 2019-02-03 06:25|| 2019-02-03 06:25|| Front Page Top

#4 How about getting rid of the 30 year mortgage, esp 0% down. If you can't put down 10% and finance a 10-20 year loan, then you have borrowed too much house for your income.

Posted by Sheng Trotsky3676 2019-02-03 07:32|| 2019-02-03 07:32|| Front Page Top

#5 How about getting rid of the 30 year mortgage, esp 0% down. If you can't put down 10% and finance a 10-20 year loan, then you have borrowed too much house for your income.

But, but, but it appraised at 30% over asking price. I can still get a 'second' for that new BMW, before I walk away from all of it !

Posted by Besoeker 2019-02-03 07:38|| 2019-02-03 07:38|| Front Page Top

#6 "We must expeditiously fix our flawed housing finance system,"

Gee, just replace housing with healthcare and you could talk about the other big problem. Wonder what happened to the system? Oh right, the government got involved trying to buy votes of the pols.

Smooth move.

Posted by AlanC 2019-02-03 08:35|| 2019-02-03 08:35|| Front Page Top

#7 Just go back to Fannie's underwriting criteria circa 1965. Problem solved.

Posted by Tom 2019-02-03 14:56|| 2019-02-03 14:56|| Front Page Top

#8 It's no fix at all unless they take taxpayers off the hook for all those flaky mortgages. No more bailouts. If real bankers had to back those "instruments" with their banks' money that'd put a stop to all this nonsense really quickly.

Posted by Abu Uluque 2019-02-03 15:01|| 2019-02-03 15:01|| Front Page Top

#9 Audit the Fed while we are at it.

Posted by Injun Bucket8891 2019-02-03 18:02|| 2019-02-03 18:02|| Front Page Top

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