Thursday, October 02, 2008

Wrapping my head around our economy

My husband found an article called:
Fannie Mae Eases Credit To Aid Mortgage Lending

It was written in 1999 and predicts exactly what is happening with the mortgage backed loans.

Paul: Bailout 'bad for taxpayers'

What worries me the most is that it took years for this mistake to come to fruition and we are trying to fix it with an overnight plan.

Are we screwing things up for our kids?


Nardeeisms said...
This comment has been removed by the author.
Nardeeisms said...

Anna, as we drove past the Fannie Mae building in Washington this past weekend, and I had part of the future generation sitting innocently in the back seat, I was thinking the same thing...Sure we are messing things up. But just HOW much we are messing up is the thing that worries us the most! - Great post! - Nards

(Deleted my previous comment due to bad spelling and punctuation errors)

The Fearless Blog said...

Thanks for sharing this with us.

Unfortunately, the mess will continue (I think) for quite a long time. Years of bad policies will take years to "clean up" if we ever get it right.