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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (30624)5/3/2005 9:00:53 PM
From: Think4YourselfRead Replies (2) of 306849
 
With all the ARM's and Interest Only loans out there, against inflated property values, we just might get to see the US banking system fail in 4 or 5 years. Fannie Mae and Freddie Mac scare me. How many of the loans that these governmental institutions are holding will end up being worthless in a few years? I like Greenspan's idea of trimming their portfolios, and the sooner the better!!! Remove some of the explosives before the bomb goes off. We taxpayers shouldn't need to be bailing out these institutions.
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