SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (373887)9/8/2008 1:12:23 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
yeah, i heard they're going into the highway business. great future there in turnpikes and stuff. good name match too.



To: Cynic 2005 who wrote (373887)9/8/2008 1:25:27 PM
From: Horgad  Read Replies (1) | Respond to of 436258
 
Now that the government is 100% in charge of Freddie and Fannie, there is nothing keeping them from reinflating the housing bubble by issuing unlimited, easy to get housing loans. The whole pushing on a string theory goes down the drain. The government can bypass the string by focusing on loaning money instead of tinkering with the prime rate.

They have already stated that one of the goals of the nationalization is to improve the availability of mortgages. If they are serious, nothing will stop the reinflation short of a dollar collapse. IMHO...watch your back.

"In order to improve the availability of mortgages, Treasury will start buying Freddie and Fannie's mortgaged-backed debt in the open market."

Reference: marketwatch.com{C99D796B-CB3C-47A8-8A56-284A9A4D5C85}