Tuesday, August 11, 2009

More Bad Loans on the Horizon?

US Economics News blog has a great post on the danger of Ginnie Mae and Federal Housing Authority becoming the next Fannie and Freddie -- putting huge taxpayer dollars at risk.

Here is the link: http://useconomicsnews.info/are-ginnie-and-the-fha-the-new-subprime/

It is hard to imagine that the government would repeat the same bad practices that caused a large part of the housing bubble, and resulted in multi-billion-dollar bailouts of Fannie and Freddie...but it appears that history may be repeating.