Freddie Mac Promotes Housing Bubble 2.0

From gloom to bloom, excesses already forgotten.

Freddie Mac Chief Economist, Frank Nothaft, delivers housing propaganda straight from the government, which also happens to be the source for 90% of new mortgages, between Fannie, Freddie and the FHA.

Comments

[Biff Tannin]

The GSE's are risk filters.

ObamaCare replaces "go naked' or "premium death spiral"
and an inability to move between states if you have
med history with impinging monopoly, immunity from
anti-trust, risk filtering to the point of a shakedown
imposing poverty, gatekeeping and pay to play.

It imitates the great monopolies of the past.

[Sagebrush]

This chart from Market Ticker might cork up Frank's bubbling fountain of bullshit!!


http://market-ticker.org/akcs-www?post=219400

[DailyBail]

Thx sage.

[Recoveryless Recovery]

Those who cannot learn from history are doomed to repeat it. Those who do not remember their past are condemned to repeat their mistakes.

Considering that the average American has the attention span of a 3 year old, you know what THAT means: MISTAKES AD NAUSEUM!