The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (124555)	5/21/2008 6:26:19 PM
From: Les H	Read Replies (1) of 306849

US mortgage rescue plan is faulted as risky "The FHA bailout program isn't designed to help Fannie or Freddie, so why are they paying for it?" asked Tom Lawler, an economist who worked at Fannie Mae for over two decades before leaving in 2006 to become a consultant. "You could charge the banking system, Wall Street, home builders - there are lots of companies that will actually benefit from this bailout who could have paid for it. But they will get the benefit without having to pay." Democratic aides said they expected the bill to be brought to the Senate floor in early June, after Congress returns from its Memorial Day recess. iht.com

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