Fannie and Freddie

You two crazy kids, what were you thinking? How long did you think you'd get to be the one "making the offers behind the scenes" and all with the blessings and protection of the US government? Now, I for one can see the blame game coming, but even as the dust settles and everyone has chosen their fall guy, the outcome is still the same . . . People lose and companies either hang in, get bailed out, or become history, but regardless of governmental intervention or corporate capitalism, the one constant is; the people lose. Since investors are made up, primarily of the hard earned money of people that want accountability and take care of their money, this almost bottomless pit cannot continue to be unaccounted.
And what's with this illegitimate brain child, GinnieMae? GinnieMae, government backed (.gov), mortgages for the American Dream, is going to be an absolute nightmare. Why is it, every time the government, on any level, uses the word dream, it becomes a nightmare? Who in their right mind would want a government that is already in debt to back their mortgage? Isn't that the original Pay Day Loan concept? Or is it legalized loan sharking? When materialism and greed are the basis for motivating an economy and we have a Congress that lives large at the expense of the constituents, this is the end results. Everyone lives large and wild until as the Beach Boys sang, "Daddy takes the T-bird away." Clearly, those on Capitol Hill will be the least affected for the longest, and the Social Security people will have it made for a time, because most of them are mortgage free and their income is "protected" in a different govenment account, but I'm sure glad I'm teaching my Grandchildren to gather eggs, garden, and milk goats, because when the dust settles, I think the 21st Century is going to be a lot like the first several thousand years. It would appear that the 150 year industrial revolution has led to a revolting mess. Historically speaking, this has been a mere flash in the pan. And the flash in the pan is burning out. The scary part, is the fact our indebted government that cannot manage "given money" is coming to the rescue with more borrowed money . . .
The rich ruleth over the poor, and the borrower is servant to the lender. a Proverb of Holy Scripture