We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Freddie, Fannie Woes Continue
Options
Comments
-
With thanks to Tom on GHPC. :T Illegitimi non carborundum.0 -
"the Office of Thrift Supervision"
The Americans have much better names for government departments than we do.
Lol:rotfl:Thought that too - Thrift is not a word I'd associate with the Yanks
A journey of a thousand miles begins with a single step
Savings For Kids 1st Jan 2019 £16,112
0 -
This is epic. I'm starting to understand those of you who feel this is the beginning of the end.....................0
-
bo_drinker wrote: »The girls won't like the fannie woes.
To an American a Fannie is a bottom as in, "Does my fannie look big in these jeans?".0 -
These events show that fannie has been very slack and needs to tighten up...0
-
When Hank Paulson says no bank is too big to fail he neglected to mention that Fannie and Freddie are but two exceptions. These US Government Sponsored Enterprises have become the US mortgage market this year. Without them the US economy goes into an even bigger mess. The US will print the money needed to keep the GSEs operating whether or not they're technically insolvent.
In the 1990s the US was critical of Japan for permitting large scale debts to stay on banks' books and receive continuous bailouts. The view at the time was that the Japanese were only delaying the eventual recovery. With the tables turned I expect the Americans will follow the same path Japan did.
It's only a case of when, not if, Fannie and Freddie get the help they need and last week's woes bring that day forward.0 -
fortune_pete wrote: »In the 1990s the US was critical of Japan for permitting large scale debts to stay on banks' books and receive continuous bailouts. The view at the time was that the Japanese were only delaying the eventual recovery. With the tables turned I expect the Americans will follow the same path Japan did.
It's only a case of when, not if, Fannie and Freddie get the help they need and last week's woes bring that day forward.
And the Japanese economy still hasn't recovered...:rolleyes:Turn your face to the sun and the shadows fall behind you.0 -
Freddie (Mercury) and Fannie, the two are not generally spoken in the same breath!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards