986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post - “It’s a slow train wreck coming and we all know it’s going to happen,”

tonycarreon · 02-15-2011, 04:00 AM

it's good news / bad news...

the cost of borrowing is going up (bad news), the economy is getting better (good news). hopefully it's time to address the problem (deficits / jobs). but since we're gearing up for election season, i doubt that much progress will be made by either republicans or democrats...

(hey this was my least partisan post in a while!)

how about the news that the government wants to wind down fannie / freddie? that should be good news for (most) of the people on this board since they hate fannie / freddie.

(aww, some partisanship there)

i actually like the plan - wind down fannie / freddie and implement a mortgage program like the FDIC that bank's pay into to insure mortgages.

02-15-2011, 04:00 AM	#2
tonycarreon Registered User Join Date: May 2009 Location: Frederick, MD Posts: 1,396	it's good news / bad news... the cost of borrowing is going up (bad news), the economy is getting better (good news). hopefully it's time to address the problem (deficits / jobs). but since we're gearing up for election season, i doubt that much progress will be made by either republicans or democrats... (hey this was my least partisan post in a while!) how about the news that the government wants to wind down fannie / freddie? that should be good news for (most) of the people on this board since they hate fannie / freddie. (aww, some partisanship there) i actually like the plan - wind down fannie / freddie and implement a mortgage program like the FDIC that bank's pay into to insure mortgages. __________________ "Speed has never killed anyone, suddenly becoming stationary... that's what gets you."