08-04-2005 20:59									#1
	What should be done about Fannie Mae and Freddie Mac? Support Apolyton buy from Amazon

The top executives in both these companies are a bunch of crooks if you ask me. They're exposing themselves to too much risk and expecting the govt to bail them out. There's a lot of pressure on them right now. So what should Congress do?

	08-04-2005 21:15									#2
	Support Apolyton, buy Civilization III: Complete

If you remind people what they are..you know, Europeans and quite a few Americans won't know what these things are..

I have only deal with Sallie Mae, and no complaints yet.

	08-04-2005 21:23									#3
	Remove this text

FAQS on Fannie Mae and Freddie Mac

quote: What are Fannie Mae and Freddie Mac? Fannie Mae and Freddie Mac are shareholder-owned companies whose objective is to make sure mortgage money is available for home buyers in America. They do not lend money directly to home buyers. Instead, they work with lenders, exclusively operating in the secondary mortgage market. They help to ensure that money for mortgages is available to home buyers in two ways. First, they purchase mortgages from lenders and hold those mortgages in their portfolio. The lenders, in turn can use that money to make more mortgages for more home buyers. Second, they issue what are known as Mortgage-Backed Securities (MBS) in exchange for pools of mortgages from lenders. These MBS provide the lenders with a more liquid asset to hold or sell.

Go to the website for more. There's lot's of info there.

	08-04-2005 22:04									#4
	Support Apolyton buy from Amazon

One thing that bothers me is that Congress as a whole does not understand the economics involved here. Allowing Freddie Mac and Fannie Mae to take these risks doesn't lower interest rates it only fattens the pockets of the stockholder's and the top executives and the tax payers are taking the real risks.

	08-04-2005 22:13									#5
	Support Apolyton, buy GURPS/ Alpha Centauri

I voted banana since you didn't include the option:

Limit the size of their portfolios

	08-04-2005 22:41									#6
	Support Apolyton, buy Civilization 2

Let them die.

	08-04-2005 22:44									#7
	Support Apolyton, buy Civilization III: Complete

quote: Originally posted by pchang I voted banana since you didn't include the option: Limit the size of their portfolios

Can a moderator put that in? Otherwise you can include that as regulate them like a public utility.

	08-04-2005 22:45									#8
	Help yourself to an AD-FREE life

quote: Originally posted by Whoha Let them die.