In response to:

Housing the Redheaded Stepchild during Debates

Fuzzy2 Wrote: Oct 20, 2012 1:56 PM
Fannie, Freddie, Dodd-Frank. I've been saying for years - banks need to lend their own money. If they did, they could make the rules regarding risk. As Chris said below "hard money. Here is what it costs to get hard money now: 35% down payment and nearly 17% interest rate. That is the REAL rate environment. That is how people lending their own money feel about the risk environment right now. Does that tell you anything?
Fuzzy2 Wrote: Oct 20, 2012 2:02 PM
That is a lot of risk being sent right to Fannie & Freddie so they can get stuck with it. And why wouldn't they? The government will just bail them out forever.
Fuzzy2 Wrote: Oct 20, 2012 2:04 PM
BTW - hard money lenders don't give a cr*p what your credit score is.

How about all those solutions to the housing crisis put forward by Obama and Romney during the debates?

We actually should celebrate because there are no proposals. It was government manipulation of credit markets, social engineering, and GSE’s Fannie and Freddie that caused the housing collapse. The solutions implemented by the Obama administration only prove Reagan correct; the more the plans fail, the more the planners plan.

Had the housing market been left alone to self-correct we could be well on the way to recovery. Not to be when the central planners and the central bankers have their...

Related Tags: Debates