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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (21351)	7/17/2002 7:09:33 AM
From: smolejv@gmx.net	Respond to of 74559

For Maurice - some food for thought on GSEs - ...Ron Paul (as usual) gets the definitive Last Word in: The companies have been accused of gaining an advantage by not having to pay registration fees under the 1933 act, which can be very costly. Another advantage, said Rep. Ron E. Paul, R-Tex., is what he called a $2 billion "line of credit" from the U.S. Treasury in the event the economy goes sour. Paul said during the hearing that the "special privileges of Fannie and Freddie have distorted the housing market by allowing Fannie and Freddie and the home loan bank board to attract capital they could not attract under pure market conditions." "The way I see it, the GSEs are now our savings and loans of the late-1970s," Paul said. "You cannot keep a bubble going on forever." I guess, again, >>Uncle Al has not suggested in the slightest that he has any interest in bailing out... << ... GSEs this time. It's just our stupid hope and trust. "It your own fault, you sucker..."