Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Same Cprapis rhetoric
Ines you belive this funeral now is ready to go?
Ines you have ready all about this funeral look soon
INES this is over? wow you right That funeral come SOON
Happy Thanksgiving!INES you that best
Ines when this circus take down
Wow I see how this take much stress and don't see nothing ct is out any money
Ines any 4 p
This look like Funeral were ct going
Any day any month same same and same blablabla no body Belive any refray
Any day any month same same and same blablabla no body Belive any refray
You people don't pay attention garbage opinions, that is that best, some crocs try to damage opinion, please smart people don't fallow this crocs, fallow smart people
This is that crapis believe is smart you are idiois have fraction of crap
TY Ines all time you give me good Advice, continue educate some people, they no have any agenda.
HaHaHa this magician try poor influence to believe you crash ct have any value total disaster take appointment see any doctor to take evaluation
I see many moroncocos come to tray sabotage this page, please get life move on cracktis adict
Ines you are smart person, thanks all you do here, incredible HQ
Same all time blabla
Smart people don't pay attention this croc frutrate
U are sick ignorant wow
who worry? wow this is Lehnq
Ignorant hahhahahaha
Ignorant hhaaha
Show probe morrocon
WAO were I trow my shares I loose all my money big bad news
Move fast
next level? somebody every morning read chart all time is wrong, please stop, you wrong all time
Wow wow two face u no have any credibity go CTTTTTTTTTTTT
HaHa please take you mind to clean all you alk is right, I never see any this borad accept you blablabla live this please u no meke any diferent
Wow To many gurus here no body resolve nothing all prediction goin garbage can
Don't fallow to garbage history this ship go to fast
Wow that only u have clown
Craper place
Read Read all best post good day
BLABLABLA beep please
NEWSSEE WOW WOW
SAN FRANCISCO (MarketWatch) -- After decades supporting a political and economic creed that honored affordable and accessible home ownership, Washington is trying to shift gears on a $9.9 trillion system without grinding the machine to an abrupt halt.
A bipartisan team from the Senate Banking Committee reached an agreement Tuesday on a broad bill that would unwind Fannie Mae (FNMA) and Freddie Mac (FMCC) the government-sponsored mortgage companies bailed out by taxpayers and placed under conservatorship during the financial crisis. Read: What one big fund is saying about Fannie, Freddie.
The plan replaces the god of government backed housing for a more private-market model. It would replace Fannie and Freddie with a new system of federally insured mortgage securities in which private insurers would be required to take initial losses before any government guarantee would be triggered.
Private enterprise was all but eliminated from the mortgage finance process as banks dumped massive amounts of mortgages into the laps of Fannie and Freddie in the run up to the meltdown. The government and taxpayers gradually shouldered the entire mortgage load.
The intended benefit of the system was that it made housing cheaper and available even to those with less than credit-worthy profiles. The unintended consequence was an uncompetitive and distorted marketplace where home buyers underpaid for their loans and the risk was borne by everyone.
The trick for the new bill will be its ability to reintroduce some shared risk-taking and market pricing to an industry that was, if not socialized, then financially engineered by the government in the politically driven zest to create the widest, easiest path to a "man's (or woman's) castle."
Ultimately, prices will certainly go up as private insurers, bond originators and investors will demand more of a premium to offset risk. To shift a system built over four decades amid a fragile housing recovery will take a lot of patience and political nerve -- the lack of which got us into this mess in the first place.
More from MarketWatch:
What one big fund is saying about Fannie and Freddie
Rethink your emergency savings strategy
Celebrating bulls lose sight of bearish picture
-David Weidner; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 11, 2014 12:41 ET (16:41 GMT)
Please move is over u sell don't cry
Who care Kcrap ha no compare golden apples whit crap