http://www.moneycrashers.com/congress-approves-bail-out-for-homeowners-fannie-mae-and-freddie-mac/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 21:28:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneycrashers.com/congress-approves-bail-out-for-homeowners-fannie-mae-and-freddie-mac/#comment-6090 author Fri, 25 Jul 2008 03:06:59 +0000 http://www.moneycrashers.com/?p=606#comment-6090 It will definitely have long-term consequences, Mike. It's sick to think about. And the generation of the 20's and 30's will be the ones paying this deficit off. Ugh! It will definitely have long-term consequences, Mike. It’s sick to think about. And the generation of the 20′s and 30′s will be the ones paying this deficit off. Ugh!

]]> http://www.moneycrashers.com/congress-approves-bail-out-for-homeowners-fannie-mae-and-freddie-mac/#comment-6087 Mike Thu, 24 Jul 2008 13:04:52 +0000 http://www.moneycrashers.com/?p=606#comment-6087 I'm no fan of our president, but I would have stood behind him had he followed through with his threatened veto. Those who have practiced fiscal responsibility are rewarded by having to pay the bill for those who haven't. I'm not an economist, but doesn't the easy money policy also punish those who have saved dollars and are at a loss for finding safe and rewarding investment vehicles? My mother has 100K CD coming due that had a yield close to 5%. I'm probably looking at replacing it with one that pays 3%. Meanwhile, the irresponsible lenders and buyers are rewarded with low rates, bailouts, and discount window access. Will this not have long term consequences? I’m no fan of our president, but I would have stood behind him had he followed through with his threatened veto. Those who have practiced fiscal responsibility are rewarded by having to pay the bill for those who haven’t. I’m not an economist, but doesn’t the easy money policy also punish those who have saved dollars and are at a loss for finding safe and rewarding investment vehicles? My mother has 100K CD coming due that had a yield close to 5%. I’m probably looking at replacing it with one that pays 3%. Meanwhile, the irresponsible lenders and buyers are rewarded with low rates, bailouts, and discount window access. Will this not have long term consequences?

]]> http://www.moneycrashers.com/congress-approves-bail-out-for-homeowners-fannie-mae-and-freddie-mac/#comment-6086 ekrabs Thu, 24 Jul 2008 11:28:10 +0000 http://www.moneycrashers.com/?p=606#comment-6086 Yeah, the ballooning national deficit really bothers me as well. Politicians (and perhaps America in general) really needs to become more financially-minded. Yeah, the ballooning national deficit really bothers me as well. Politicians (and perhaps America in general) really needs to become more financially-minded.

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