Replies to post #268572 on Fannie Mae-No Politics (FNMA)

[Mikey Mike]

That's exactly how I look at it...bunch of cry babies...you bought...you own it...take the responsibility...quit relying on the government to bail you out...that's exactly what the GSE's did...bailed out the banks...and now Warren wants to give the banks a loan value reduction on mortgages the banks bought...the banks paid the money and bought the debt...why should the GSE's pay for that by giving a principle reduction???

[mikoli007]

I agree and Ayatolla was wrong anyways,most of the defaults were not from the wealthy. Reduction just teaches bad habbits and enables! I'm for limited welfare, drug testing if you are on welfare and work programs for the welfare. Make the banks buy back the loans going bad and they can eat the reduction if they choose with no outta pocket from the tax payer.