ext_338581 ([identity profile] nicegeek.livejournal.com) wrote in [personal profile] netmouse 2008-07-15 01:38 am (UTC)

Re: An unfortunate follow-up

Sorry, I was unclear; the prediction that came true is that the two government-backed lenders (Fannie Mae and Freddie Mac) are teetering on the edge of collapse, and the Federal government is already having to step in to save them. Thus, Obama's plan to tap their profits to fund an affordable housing program is untenable; they have no profits to be tapped.

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