Fannie Mae-No Politics (FNMA)

[biznipianjr]

a person enters into an agreement to buy a home. the prices are very high and the market is nuts. its a supply demand market economy the consumer accepts the price and buys the home. as the markeet falls to crap the consumer says no i was robbed this million dollar home is only worth half i wont pay. is htat the deal. hey id like my money back on my building did i get ripped. but you cant have half of america walk away from a obligation they agrred to. hey it sucks but is the bank the devil because they loaned the money. money was ez cheap and everyone was lending. do you want the country to go bust. all loans must be repaid. no matter what the defect which in this case is the banks gave credit to anyone. they still gave credit. is a bank a devil for just loaning anyone money. hey any of my employees hits me up for a loan i give it out. i get beat fromtime to time.