http://emortgagesolution.net/2009/more-changes-ahead-for-freddie-mac-and-fannie-mae/ Mortgage news and information. Wed, 02 Feb 2011 00:40:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://emortgagesolution.net/2009/more-changes-ahead-for-freddie-mac-and-fannie-mae/comment-page-1/#comment-106 JB Sat, 05 Sep 2009 23:06:43 +0000 http://emortgagesolution.net/?p=234#comment-106 Don’t be fooled. The MBA plan lets the big banks force taxpayers to guarantee their mortgages. Meaning when one of their loans go bad, they don’t lose a dime and its us taxpayers who pay for the loss. The MBA plan privatizes profits, socializes losses and will lead to a financial fiasco that will make the subprime meltdown look like small potatoes. Don’t be fooled. The MBA plan lets the big banks force taxpayers to guarantee their mortgages. Meaning when one of their loans go bad, they don’t lose a dime and its us taxpayers who pay for the loss. The MBA plan privatizes profits, socializes losses and will lead to a financial fiasco that will make the subprime meltdown look like small potatoes.

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