Uncle Sam is stepping in to aid Fannie Mae and Freddie Mac. One might question the wisdom of government bailing out mortgage companies. In this case, I don’t. Fannie and Freddie are part of the solution, not part of the problem. By definition, they were not sub prime lenders. They just bore the brunt of problems [...]
Archive for July 15th, 2008
On Government Bailouts
Posted in government, Mortgages, tagged fannie mae, freddie mac, government bailouts on July 15, 2008 | Leave a Comment »
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J. Philip Faranda Broker-Owner (914) 723-8900
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