Wednesday, July 1, 2009

FNM limits to 125% ---> Seriously, WTF!

http://www.bloomberg.com/apps/news?pid=20601087&sid=avAvJacs7UcU

Well now that it's a done deal and we are lending 125% LTV on residential real estate, don't all of us non-home owners deserve to move in to a house for free. Why just stop at foreclosure prevention? Why not let every single person who doesn't own a home move-in to the home of their choosing for nothing down? I feel we have truely entered the twilight zone with this guy. Clearly he will stop at nothing short of taking this entire economy to the brink.

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