A crash course in subprime mortgages.

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Originally Posted by clocker

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Originally Posted by j2k4

You think the IRS hassles people?

Just wait.

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What does your crystal ball reveal?

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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?

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