Mortgage and Real Estate Blog

There are three sides to every story, they say: Yours, mine, and the truth. Well, I went browsing for good stories on the Freddie Mac and Fannie Mae disaster. Here are two stories that I think cover it fairly well - but they aren’t news. These are opinion pieces, one pro and one con. They are good reads, nevertheless.

Should the U.S. government bailout Freddie Mac and Fannie Mae? No matter which side you fall on, you can’t deny that this is a crisis of epic proportions. If the government does bail out the companies then they will have to take money from the public coffers. If they don’t bail out the companies then money will flow from private pockets into a gutter and disappear. Which is worse? One has short term implications and one has long-range consequences. No matter which way it goes, someone will lose. Someone else has already one - the upper executives at both companies who will never have to pay for their mismanagement. Too bad this is a sad story with no happy ending in sight.

This entry was posted on Friday, July 18th, 2008 at 10:43 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.