An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Bloomberg running as headline: Congress working on bi-partisan measure to shut down Fannie and Freddie with Support of President. The only thing that worked during the crisis and prevented total catastrophe and calamity was government backed lending so of course that is the first thing DemoRepubs agree needs to be shuttered. If it weren't for that, the finance industry could've been victorious and taken everything... Appalling and beyond words what passes as politics. Obviously they made some bad liar loans... but so what. A few tens of billion dollars is chump change compared to what medical professionals rip off each year, the finance industry leeches. Now that finance is into buying and renting homes, they don't want competition from ordinary borrowers.
2 comments:
If only the rw were interested in facts.
Bloomberg running as headline: Congress working on bi-partisan measure to shut down Fannie and Freddie with Support of President. The only thing that worked during the crisis and prevented total catastrophe and calamity was government backed lending so of course that is the first thing DemoRepubs agree needs to be shuttered. If it weren't for that, the finance industry could've been victorious and taken everything... Appalling and beyond words what passes as politics. Obviously they made some bad liar loans... but so what. A few tens of billion dollars is chump change compared to what medical professionals rip off each year, the finance industry leeches. Now that finance is into buying and renting homes, they don't want competition from ordinary borrowers.
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