lendingmaestro_IHB
New member
<p>They really do have no idea...</p>
<p><em>'Paulson said he has "great confidence" in the Fed but refrained from saying whether its actions thus far will be sufficient. </em></p>
<p><em>The Treasury chief did say the Fed's actions will make it easier for market players to "focus on risk" and get themselves straightened out. </em></p>
<p><em>On Capitol Hill, some Democrats would like to see mortgage giants Fannie Mae and Freddie Mac -- which are recovering from accounting scandals -- have a larger role in the mortgage market. Some would like to see the two mortgage companies buy "jumbo" mortgages of more than $417,000. </em></p>
<p><em>The Bush administration doesn't like the idea. Paulson said that raising investment caps on Fannie Mae and Freddie Mac "doesn't do much of anything."'</em></p>
<p>Now I know many of the bears here will scream that Fannie and Freddie should not increase their limits. I have mixed feelings on the subject; however, this quote shows you how far removed this administration, and Paulson are from reality. Are these Republicans this naive? Are they following their American prosperity mantra to their graves? We already know that democrats are petitioning for full-scale socialistic bailouts.</p>
<p>I must concede that an increase in the conforming loan limits/loosening of guidleines may not be the answer, and may cause future problems down the road. But nothing is guaranteed right now. The ease with which Paulson disregarded these options is mind-boggling. He musn't realize the difficulties that prime borrowers are having right now. You simply cannot remove hundreds of thousands of households from the refinance pool within a 60 day period. His brain must be so full of lagging economic indicators that he can't see past tomorrow....</p>
<p><em>'Paulson said he has "great confidence" in the Fed but refrained from saying whether its actions thus far will be sufficient. </em></p>
<p><em>The Treasury chief did say the Fed's actions will make it easier for market players to "focus on risk" and get themselves straightened out. </em></p>
<p><em>On Capitol Hill, some Democrats would like to see mortgage giants Fannie Mae and Freddie Mac -- which are recovering from accounting scandals -- have a larger role in the mortgage market. Some would like to see the two mortgage companies buy "jumbo" mortgages of more than $417,000. </em></p>
<p><em>The Bush administration doesn't like the idea. Paulson said that raising investment caps on Fannie Mae and Freddie Mac "doesn't do much of anything."'</em></p>
<p>Now I know many of the bears here will scream that Fannie and Freddie should not increase their limits. I have mixed feelings on the subject; however, this quote shows you how far removed this administration, and Paulson are from reality. Are these Republicans this naive? Are they following their American prosperity mantra to their graves? We already know that democrats are petitioning for full-scale socialistic bailouts.</p>
<p>I must concede that an increase in the conforming loan limits/loosening of guidleines may not be the answer, and may cause future problems down the road. But nothing is guaranteed right now. The ease with which Paulson disregarded these options is mind-boggling. He musn't realize the difficulties that prime borrowers are having right now. You simply cannot remove hundreds of thousands of households from the refinance pool within a 60 day period. His brain must be so full of lagging economic indicators that he can't see past tomorrow....</p>
