A crash course in subprime mortgages.

[j2k4]

You think the IRS hassles people?

Just wait.

What does your crystal ball reveal?

What possible upside could there possibly be to the idea of Uncle Sam getting into the mortgage business on the scale of Freddie and Fannie?

Remember - this isn't just the limited oversight formerly exercised, this is full and complete control, from A to Z; they now own F & F.

Do you really want the feds holding your paper?

Having total and unfettered entree to all of your financials?

If your answer is yes, think in terms of your prior-expressed concerns over the Patriot Act...would you feel as paranoid about a republican administration at the controls as I would about a democrat administration?

[devilsadvocate]

Edit: re read point I was replying to and may not be as it read to me at first