We'd heard rumors that the Obama Administration was going to unilaterally work through Fannie Mae to add more bogus financing for the housing industry at a time when the homes are over-priced and the prices need to drop to reflect real value. Liquidation needs to occur because the market was artificially stimulated from the Clinton years through the Bushites and now it is continuing.

If they understood economics, they'd stop MESSING with the economy and get out! STOP FANNIE AND FREDDIE! They were two of the major causes of the recession! When the government creates programs to get people into homes, when they can't afford mortgages over the long run, and then Fannie Mae and Freddie Mac are there to buy up the bundled mortgage securities (bonds) that the banks create through their lending to these very same homeowners, Fannie and Freddie have created a fake market for bad stuff!

Jeesh!

Here's the piece:

http://www.huliq.com/10282/fannie-mae-foreclosures-hold-some-not-all

Be Seeing You!