If you care about real estate, politics, or economics, you might find interesting this pair of posts I made this week on AOL’s Housingwatch blog:
https://www.housingwatch.com/2009/12/28/fannie-and-freddie-more-than-politics-as-usual/
https://www.housingwatch.com/2009/12/30/fannie-freddie-ii-the-wrath-of-obama/
Please keep posting notices of your AOL posts. I haven’t had any luck finding anything from you on there except your original post. Besides, I don’t want the rest of their stuff in my news list, just yours.
Bob,
Excellent pieces. You should have also noted that the Obama adminstration made the announcement in the dead of night i.e. they released at the beginning of a long holiday weekend to minimize the audience.
The RSS feed on I’Cringely is failing. Please attend to this. Thanks.
Agreed… RSS feed is not working for the last couple of weeks.
I’m sure China is happy to underwrite this vote buying scheme. They too can get in on the impending McMansion and retail/office space market.
I’m so happy that you’re posting these links on your regular blog site. I have no desire to see everything on the AOL HouseWatch site, but I always enjoy your posts on any subject!
Read your articles, the infinite backing of bad loans is to bail out
banks that have bet on those loans. Goldman Sachs wins again.
Heard that Obama was reading Starving The Monkeys! What a hoot!
What the hell are you doing becoming a shill for the greedy vultures and whores, known as the mortgage brokers and real estate agents who helped create the worse financial meltdown since the Great Depression?
Obama’s mistake is even attempting to prop up these owners who are upside down and over their heads for buying a home that was ridiculously over valued in the first place.
It’s time cut our loses and move on, only then will the markets start to stabilize and return to some type of normalcy, if we can remember what normal was.
I very much doubt Fannie/Freddie will have to start booking losses anytime soon.
No bank yet has had to write-down commercial mortgages – they can carry them at par with the blessings of Uncle Fed, regardless of how their CRE portfolio is performing.
Why do any less for residential?
Remember too big to fail
They talked about this in 2004.
https://www.brookings.edu/press/Books/2004/toobigtofail.aspx
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