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09:23AM Backtracking Lawmakers Expand U.S. Government Role in Mortgages

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 29 Dec 11 6:12 PM | 41 view(s)
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Msg. 37444 of 45651
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Thus, why I don't believe a damn thing that comes outta der mouths...
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Washington lawmakers, who began 2011 with sweeping plans to shrink the U.S. government's role in mortgage finance, are heading into 2012 after enacting policies that expand it.

An 11th-hour payroll tax cut extension signed into law last week would for the first time divert funds directly from Fannie Mae and Freddie Mac, the two mortgage-finance companies under U.S. conservatorship, to pay for general government expenses.

That move came after two others that also are expected to

http://us.rd.yahoo.com/finance/news/rss/story/*http://us.rd.yahoo.com/finance/news/topfinstories/*http://finance.yahoo.com/news/backtracking-lawmakers-expand-u-government-050100158.html?l=1

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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