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ProSense

(116,464 posts)

13. "destruction of the two agencies that actually made home ownership possible in this country "

Reply to TBF (Reply #12)

Wed Aug 7, 2013, 08:01 AM

Aug 2013

They are private companies that allowed the banks to destroy people's lives.

Don't believe me:

Fannie and Freddie wanted to make money off mortgages just like the big banks. Except they knew they were protected and guaranteed by the taxpayers. They bought up the bad mortgages of the big banks. That is where their debt came from. It was a win-win for the banks and a lose-lose for the taxpayers. This does absolutely nothing if the big banks are still protected by the taxpayers. Nothing has changed. It is a scam.

http://www.democraticunderground.com/10023418389#post7

Like I said, a lot of people have no idea what's going on: http://www.democraticunderground.com/10023418389#post7

By your description, you're clearly in that category.

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Highlight:

FACT SHEET: A Better Bargain for the Middle Class: Housing [View all] ProSense Aug 2013 OP

Sounds damn reasonable to me. Old and In the Way Aug 2013 #1

Yeah, but ProSense Aug 2013 #7

won't make me want to buy a home. PowerToThePeople Aug 2013 #2

Privatize everything - Reagan would be proud. nt TBF Aug 2013 #3

They were ProSense Aug 2013 #5

Don't even try - TBF Aug 2013 #9

Who the fuck are you calling "right-wing"? ProSense Aug 2013 #10

An idea stand on it's face - TBF Aug 2013 #12

"destruction of the two agencies that actually made home ownership possible in this country " ProSense Aug 2013 #13

How about a public solution? TBF Aug 2013 #14

Did you even read the information? The President proposed a public solution. ProSense Aug 2013 #15

Where is the part about the government-insured mortgages? TBF Aug 2013 #16

It's there, and if you can't find it, that's on you. n/t ProSense Aug 2013 #17

All that blue ink and you can't answer a simple question. TBF Aug 2013 #18

Go to the "blue ink" and read until you find it. n/t ProSense Aug 2013 #20

You do know � 1StrongBlackMan Aug 2013 #36

And paying that fee will mean it's harder TBF Aug 2013 #38

As I recall... kentuck Aug 2013 #4

The fact that ProSense Aug 2013 #6

I trust Grijalva and Ellison... Old and In the Way Aug 2013 #8

Really, it has become absurd. n/t ProSense Aug 2013 #11

A "better bargain"......dare we say, a GRAND BARGAIN. woo me with science Aug 2013 #19

Are Fannie and Freddie private entities? ProSense Aug 2013 #21

The knee jerk bashing of this plan is idiotic. sufrommich Aug 2013 #22

Your enthusiasm for privatization is noted. TBF Aug 2013 #23

No, it's not surprising. n/t ProSense Aug 2013 #24

Can we just save some time � 1StrongBlackMan Aug 2013 #37

If formulated well, maybe I can see that working Xyzse Aug 2013 #25

To all your points, Fannie and Freddie are private. ProSense Aug 2013 #27

Not quite Xyzse Aug 2013 #30

No, ProSense Aug 2013 #32

You're still just focusing on that part Xyzse Aug 2013 #33

The USPS ProSense Aug 2013 #34

Thanks for finally adding a few links that mention Xyzse Aug 2013 #35

He can't guarantee any of this shit leftstreet Aug 2013 #26

Obama wants his own "Glass Steagall" to call his own. When he is gone, we will all sit around and... Safetykitten Aug 2013 #28

But ProSense Aug 2013 #29

Watching people talk past each other in this thread Bunnahabhain Aug 2013 #31

K & R Scurrilous Aug 2013 #39