Thursday, January 1, 2009

Gonna Bailout Party Like Its 1999

Well, what's next with the government bailout that was going to save our bacon? Let's face it, the housing mess started in 1999 and was really escalated during 2005-2008, and look where it has gotten the U.S. taxpayer as of today. Check out this article from 1999 [yes, that's 1999]: Fannie Mae Eases Credit to Aid Mortgage Lending. In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements o

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