NH Gov Signs Law Madating Licensing of Mortgage Providers -- Govt. Created Fannie Mae and Freddie Mac See Even BIGGER Losses!

Yep. Leave it to the politicians to tell you they will protect you, even as they take more of your money to fund the parasitic organizations that have been wasting your tax money supporting below-market rate loans to risky individuals!

NH Gov. John Lynch signed into law today a bill that will force mortgage lenders to have to get licenses from the state -- which does such a WONDERFUL job regulating so many other businesses like HEALTH INSURANCE. This despite the fact that the NH Constitution and US Constitution both prohibit interference in private contract. Do you think Lynch has read them?

On the same day, the wizards in Fannie Mae and Freddie Mac announced even worse financial troubles. Here is the piece http://news.yahoo.com/s/nm/20080708/bs_nm/freddiemac_fanniemae_shares_dc
Do you think they'll be shut down, or do you think, as we have heard, the politicians will try to give them MORE money and power?

Ummm....