Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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From: chartseer	9/17/2010 10:17:21 AM
	of 224718

what happened? The government didn't enforce the regulations that were on the books, now they are adding even more regulations to these very same books. More regulations to not be enforced? Fannie mae and freddie max packaged and sold mortgage backed securities that were AAA rated. These securities were purchased by banks, insurance companies and pension funds as investments to offset their future obligations. When the real estate market collapsed so did the value of these securities. The TARP was set up to purchase these troubled assets to save the banks, insurance companies and the pension funds. This troubled assets repurchase program never quite transpired as it was proposed.After the funds were appropriated they were used for other transactions than repurchasing the troubled assets. Why? What happened? What aren't we being told? Is the commercial real estate industry now in trouble or not? Will the government backed reverse mortgage sector be the next crisis or the commercial real estate industry? Both? Does anyone actually know what is happening? Will there really be a brighter day tomorrow? comrade chartseer

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