President Trump considering bringing Fannie Mae and Freddie Mac public

[Polishprince]

Far Left President Jimmy Carter is the president who oversaw the original IPO for Fannie Mae in 1980.

Why are libs turning on this socialist idea now?

The problem Fannie Mae had was making Bad Loans for political expediency. Making loans in places like Chicago's South Side or the City of Fabulous East St. Louis are extremely risky business.

Needless to say, if you go woke, you'll go broke and they did.

Trump won't make the same mistake

 

[postman]

Shouldn't be in the student loan business either.

Or the flood insurance business

Or the natural disaster relief business.

 

[postman]

I can't advocate this without more study, but I will point out that the Taxpayers are more worthy to have the national debt forgiven than deadbeat students that the Left loves do.

You realize if the country declares bankruptcy, that it's credit rating drops below junk bond.
And the only people who would lend the government money, would be at over 20% interest

 

[Godboy]

And then, you will make what happened in 2008 look like a walk in the park.

Stop making predictions. Your sides predictions are wrong literally 100% of the time. You people are very very stupid.

 

[Polishprince]

You realize if the country declares bankruptcy, that it's credit rating drops below junk bond.
And the only people who would lend the government money, would be at over 20% interest

That's why its an idea that should be carefully considered before acted upon.

Default is risky business for student loan deadbeats as well, when they get a record of not paying back what they borrowed, lenders will be cautious.

 

[postman]

The problem Fannie Mae had was making Bad Loans for political expediency. Making loans in places like Chicago's South Side or the City of Fabulous East St. Louis are extremely risky business.

Needless to say, if you go woke, you'll go broke and they did.

It was called George W. Bush's "ownership society"

So Much for Bush's 'Ownership Society'

Remember the ownership society? President George W. Bush championed the concept when he was running for re-election in 2004, envisioning a world in which every American family owned a house and a stock portfolio, and government stayed out of the way of the American Dream.These families were, of

www.newsweek.com

Remember the ownership society? President George W. Bush championed the concept when he was running for re-election in 2004, envisioning a world in which every American family owned a house and a stock portfolio, and government stayed out of the way of the American Dream.

To achieve his vision, Bush pushed new policies encouraging homeownership, like the "zero-down-payment initiative," which was much as it sounds—a government-sponsored program that allowed people to get mortgages without a down payment.

 

[Polishprince]

It was called George W. Bush's "ownership society"

So Much for Bush's 'Ownership Society'

Remember the ownership society? President George W. Bush championed the concept when he was running for re-election in 2004, envisioning a world in which every American family owned a house and a stock portfolio, and government stayed out of the way of the American Dream.These families were, of

www.newsweek.com

Remember the ownership society? President George W. Bush championed the concept when he was running for re-election in 2004, envisioning a world in which every American family owned a house and a stock portfolio, and government stayed out of the way of the American Dream.

To achieve his vision, Bush pushed new policies encouraging homeownership, like the "zero-down-payment initiative," which was much as it sounds—a government-sponsored program that allowed people to get mortgages without a down payment.

I remember George W. Bush. Huge supporter of Hillary Clinton, Sleepy Joe and Kamala.

Those folks are all historical figures now. The leftists are controlled by Crazy Bernie and Rep. Cortez and Crockett.

Even Sen. Fetterman, the Democrat Party's "Fashion Plate of the Senate" is no longer in favor.

 

[postman]

That's why its an idea that should be carefully considered before acted upon.

Default is risky business for student loan deadbeats as well, when they get a record of not paying back what they borrowed, lenders will be cautious.

The difference is defaults by some doesn't stop loans to all.

Auto loan delinquency rates, particularly those falling into serious delinquency (90 days or more past due),

The share of auto loans in serious delinquency reached 2.96% in the fourth quarter of 2024

You can still get an auto loan at a decent rate.

It only effects the original creditor, which in this case would be the US.

 

[postman]

I remember George W. Bush. Huge supporter of Hillary Clinton, Sleepy Joe and Kamala.

Funny, at the time all the republicans on the various forums called George W. Bush the greatest republican president evah.....

 

[Polishprince]

Funny, at the time all the republicans on the various forums called George W. Bush the greatest republican president evah.....

Republicans aren't afraid to admit when they are wrong.

That's a good thiing.

The D's still stand behind the Obamacare Atrocity and even the Reign of Error of Mr. Peanut.

 

[22lcidw]

Re: Get the government out of any kind of financing for housing. If they make bad loans at the behest of politician pressure (think the housing crisis) then they will go under.

You mean like Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley?

The members of the "big club" never pay for the running of anything. The peasants do. All of those institutions are owned/controlled by the financiers/bankers/owners of many nations' fiat currencies/etc.

 

[postman]

Republicans aren't afraid to admit when they are wrong.

That's a good thiing.

But they'll never admit they were wrong at the time.
Only years later, when there is undisputable proof of their error, would they admit it.

I remember all the republicans saying they would find proof that Saddam Hussein had WMD's once we invaded Iraq.

Well that's something they finally had to admit they were wrong about.

Too little, too late.