Comments on: Freddie Mac And Fanny Mae And Government Takeovers–UPDATED http://melissablogs.com/2008/09/09/freddie-mac-and-fanny-mae-and-government-takeovers/ Information Pollination Mon, 21 May 2012 03:07:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Charles http://melissablogs.com/2008/09/09/freddie-mac-and-fanny-mae-and-government-takeovers/comment-page-1/#comment-9276 Charles Sun, 21 Sep 2008 04:58:52 +0000 http://www.melissaclouthier.com/?p=10390#comment-9276 Democrats created the Fannie Mae and Freddie Mac problems years ago, in a well intentioned but failed effort to allow low income groups to buy houses. They stopped ALL eforts at reform until it was too late. Now they are trying to blame Bush, McCain and Republicans, everyone but themselves. That's the Gods truth and here is the proof: http://strategicthought-charles77.blogspot.com/2008/09/democrats-created-fannie-mae-and.html Democrats created the Fannie Mae and Freddie Mac problems years ago, in a well intentioned but failed effort to allow low income groups to buy houses. They stopped ALL eforts at reform until it was too late. Now they are trying to blame Bush, McCain and Republicans, everyone but themselves. That’s the Gods truth and here is the proof:
http://strategicthought-charles77.blogspot.com/2008/09/democrats-created-fannie-mae-and.html

]]> By: Dr. Melissa Clouthier http://melissablogs.com/2008/09/09/freddie-mac-and-fanny-mae-and-government-takeovers/comment-page-1/#comment-8942 Dr. Melissa Clouthier Wed, 10 Sep 2008 12:54:32 +0000 http://www.melissaclouthier.com/?p=10390#comment-8942 Amy, In places where the economy has bottomed out, the situation you describe is devastating. Same thing happened in Texas during the oil bust. It took a very long time for the economy to diversify--fifteen years by all accounts. And even still, oil plays a big part of the state's economy. Michigan is in dire straits. The governor keeps growing the state government which requires more tax revenue. The mayor of the state's biggest city is going to jail. Taxes and corruption kill the business environment. I fear it will get worse before it gets better. The average working guy just wants a job. Move to Texas! There's lots of work :). It's unlikely that it will be easy to sell your house, though. The market is glutted by people wanting out. Amy,

In places where the economy has bottomed out, the situation you describe is devastating. Same thing happened in Texas during the oil bust. It took a very long time for the economy to diversify–fifteen years by all accounts. And even still, oil plays a big part of the state’s economy.

Michigan is in dire straits. The governor keeps growing the state government which requires more tax revenue. The mayor of the state’s biggest city is going to jail. Taxes and corruption kill the business environment. I fear it will get worse before it gets better.

The average working guy just wants a job. Move to Texas! There’s lots of work :) . It’s unlikely that it will be easy to sell your house, though. The market is glutted by people wanting out.

]]> By: Amy http://melissablogs.com/2008/09/09/freddie-mac-and-fanny-mae-and-government-takeovers/comment-page-1/#comment-8941 Amy Wed, 10 Sep 2008 12:00:20 +0000 http://www.melissaclouthier.com/?p=10390#comment-8941 While I agree that these lenders did give loans to some people that couldn't afford the loan, there are other homeowners that, due to circumstances, cannot pay their mortgage. My husband has been layed off from his job of 16 years for the past 6 months. We have struggled, but do everything we can to pay our mortgage each month. Although this layoff is temporary and we know there is an end in sight, that is not the case for some people. They are having to move out of state without selling their home, therefore this falls back on the lender. I'm in no way saying that is the right way to do things, I'm just saying that some don't have a choice. (In Michigan, anyway) While I agree that these lenders did give loans to some people that couldn’t afford the loan, there are other homeowners that, due to circumstances, cannot pay their mortgage. My husband has been layed off from his job of 16 years for the past 6 months. We have struggled, but do everything we can to pay our mortgage each month. Although this layoff is temporary and we know there is an end in sight, that is not the case for some people. They are having to move out of state without selling their home, therefore this falls back on the lender. I’m in no way saying that is the right way to do things, I’m just saying that some don’t have a choice. (In Michigan, anyway)

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