Thursday, August 20, 2009

Meet Ginnie Mae: The Next Big Taxpayer Bailout

Ginnie Mae what about Fannie & Freddie the DemocRATS traps. In the article below poor ben is having some difficulty deciding how to UNLOAD $1.25 TRILLION and as we know we are the US in the U.S. Government - US something people seem to forget there is NO FREE LUNCH oh scratch that I guess there is for the Socialist leeches but it is at others expense the people who actually pay Taxes. From CNBC..

One will be deciding when and how to unload $1.25 trillion in Fannie Mae and Freddie Mac mortgage-backed securities without sending mortgage rates surging. Another delicate matter is when the Fed should start selling some of its $300 billion in Treasury debt.

Ginnie Mae and now you get to pick up the tab for that too thanks to the DemocRATS! Here is why the smelly one's loan modifications won't work.

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