Can you imagine if the Federal Government thought it could have a balanced budget in 10 years?
Fannie/Freddie have made the necessary cuts to pay off the 186 billion in bailout money. They have made many cuts to overhead and yes, they increased their fees.
We have already increased the tax rates, but we have not made the necessary cuts to have a balanced budget. Now that the light is at the end of the tunnel, we keep hearing about putting an end to Fannie Mae and Freddie Mac.
Now that is what I call sound economics.
We’ve removed the ability to reply as we work to make improvements. Learn more here
