In another forum I made mention of Fox Business channel. Of late the leading financial channel has been CNBC. Yes a subsidiary of NBC, and sister to MSNBC. I mention that only as a refrence to credibility. I offer to you a front page story on the Fox Business web site, that I can find no mention of on CNBC. It seems the Obama administration has expanded our ability to pay for other peoples homes once again. When will these people look back even a year to see what damage failed policies cause. Business as usual for Fannie and Freddie WITH MORE OF YOUR MONEY!
"Under the Treasury’s new flexible financing formula, Fannie and Freddie get more taxpayer support based on a formula that takes into account how much each company loses in a quarter."
Insanity!!! The more they lose the more they get??? I have to ask my boss how he feels about this concept. I can lose money a whole lot easier than I can make it. I think I need to rethink my business strategy.