FHA Cash Reserve Will Drop Below Min.requirement

[Mike Kennedy]

http://www.washingtonpost.com/wp-dy...ewsletter&wpisrc=newsletter&wpisrc=newsletter


Once again, relaxing standards rears its' ugly head. One would think the "powers that be" advidly watched Fannies "leadership" in that regard and the disastrous effect. Someone evidently needs an extended vacation out of Washington D.C.

 

[Pamela Crowley (Florida)]

It will be MUCH worse next year.

 

[Mike Kennedy]

Probably - unless when the senior mgmt team is fired, then hired by top lobbyist firms, and shoot a few rounds o' golf with their Congressional Buddies - suddenly BAILOUT City will ensure FHA lasts thru at least 6 months and the Ex-Heads get to retain their multi-million severance packages. Who knows? They may wind up heading up the newly reconstituted FanFred - graduates of "How to Fail yet Succeed in Business without trying" school of "hard knocks."

 

[fifteen]

The GSE's are expected to run out of their 1.25 trillion stipe by the end of 2009. Current policies are bankrupting us and that means more smoking printing presses. REcession is over? Dream on

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.