posted February 09, 2009 12:47 AM
I was surprised to find all these lenders in turn lend from Freddie Mac and Freddie Mae. And now we know these two will be on the books of Government .So welcome socialism, the government actually owns most of our homes. But since a government represents its own people, why should we really worry? Perhaps a big fat inflation is due soon. Perhaps even a financial catastrophe worse than any thing we ever saw.
I wonder which other lender is out there untouched by those two evil twins. Is it wise to still go with the biggies? I mean what should happen in the worst case? US goes broke. But can we? I thought we have lots of money. Imagien people can get to keep their homes wherever they live in. Just make sure you buy a BMW or Benz that you can use with low maintenance for 15 years atleast. Hahaha.... I am giving lots of ideas . Ofcourse crazy ones.
Anyone?