Replies to post #698478 on Fannie Mae-No Politics (FNMA)

[mrfence]

The housing market is a ponzi scheme reliant upon propping up the assets of the old and rich using rate manipulation and guideline manipulation to make more and more debt more accessible to those least able to service it. In this process of manipulation and rich rewarding, you price out an entire generation from owning a home while creating a VERY fragile economic system based on manipulation rather than fundamentals. Then when it all collapses, no one is blamed. No one goes to jail. No one is any worse off, except the very people you lured in with teaser rates, guarantees, manipulation at all time historically inflated prices. Stop the manipulation, stop the subprime lending, stop the can kicking.