GSE The Curse

Let us never forget the curse of American Government Sponsored Enterprises.

(FNMA, FMAC, and more)

“Under the OUTSTANDING leadership of Mr. Frank Raines, everything in the 1992 act has worked just fine. In fact, the GSEs have exceeded their housing goals. . . . (The affordable housing mission) has seen innovation florish, from desktop underwritting to 100% loans.” – Rep. Maxine Waters, D-California

A GSE is a mistake with no end. “Riskless capital” – Frank Raines.

You heard it here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: