Monday, September 8, 2008

Fannie and Freddie Issue

Our topic for the day was all about Fannie and Freddie Issue. Discussing about the idea that federal will takeover. We know this will be a big problem. They make it sound nice that Homebuyers May Get Lower Loan Rate After Fannie, Freddie Rescue. But its not a good news for us. Look they just inform us this September and they claiming they already pass the bill in May. They form a government agency to deal with the work but they never ask everybody if tax payers agree with the idea. Well anyway we are just followers of the plans of government. NO voice from citizens or workers here. I taught everything must be voted.


It's already final that federal will takeover so it means more taxes to all who work here in states. Money is not free its from us. So its not really not nice because another deductions. Well somehow people help other people to own houses with low rate. Hopefully with the contributions of all workers will really be used in a right plans not on other personal plans.I hope this country will improve economic situations.




http://www.bloomberg.com/apps/news?pid=20601103&sid=a4_HLnLHnq7A&refer=us

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