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Wednesday, May 19, 2010

CNSNews.com - Hoyer: No Plans Yet by Democrats To End Fannie, Freddie Bailouts

Oddly enough, my wife and I were watching HGTV over the weekend and a couple bought their first home: $500K, no money down, 8% interest rate fixed for 3 yrs....the year: 2008. This collapse was right in front of our faces in even the most unlikely of places. Freddie and Fannie are still alive today thanks to taxpayers. These corrupt, immoral institutions need to be privatized or eliminated for the good of our society and economy.
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