Replies to post #4716 on Freddie Mac-No Politics (FMCC)

[Beevo]

Gotta love all that cheep money the fed puts out to extend growth when the market can't take it. Makes the fall alot harder....Who controls the fed again??? Cant keep lowering rates and force cheap money into the markets, it creates bad investments and when it corrects it is the type of mess we see now.

[moores2009]

the problem that ive seen firsthand is that they made loans that they shouldnt have, then they sold the loan to someone else, like a pump and dump scam pinkie, I have a good friend who had a good job, got married, bought a condo, he got hurt and had to get an operation, lost about 5 months work, he got behind on his mortgage, when he tried to catch it up, he was told that someone else owned the mortgage and was going to forclose on him, even though he went down there with a big wad of dough to even things up, its criminal what the banking industry has come to in the last few years. I know people who didnt even have jobs that had $150,000 to buy a house.