Party in the U. S. A.

Fannie and Freddie are so far underwater that you can’t hang even more lousy mortgage loans on them? What is the government to do? Get fiscally responsible? No way, Jose! They can still force the FHA to lend money to people who shouldn’t get loans so they can default like everyone else. The beauty of it all. The taxpayer cleans up the mess. Well, actually to be technically honest, we’ll print our way out of the mess. Yeah baby! (Mortgage) Party in the USA!

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