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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (92875)	9/24/2007 3:00:11 PM
From: CathyJ	of 312929

Hi CD, How much of the good mortgages are bad? When the government is considering "temporarily" removing loan limits to allow refinancing or purchasing of homes with little or no money down FHA (government secured in case of default), I would say things are worse than anyone thought. I view it as the government is trying to take away some of the risk the banks or brokers took to keep the economy machine plugging away or the lenders from going out of business. Where does it make sense for the government to get involved, lower the standards, let the banks and brokers make more commission and for what? The government will now take the risk for the bad loans? I guess this is my tax dollars at work?! Cathy

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