Why have Sheila Bair, FDIC chairman, be without being seen for 2 years when she say that impossible mortgages necessitate restructing?
Sheila Bair has been calling for regulation of mortgages for almost 2 years, dictum that these bad mortgages need to be renegioated and regulations are needed over these sub-prime mortgages.
Why hasn't anyone listen to her? Do you think Obama's plan to help the housing souk will include her recommendations?
She's a Republican by the way.
Answers:
Oh, the same common sense that John McCain actually wrote a bill addressing this that get voted down in Congress about nearly 2 years ago.
Because banks don't want to do that. They want the bailout money, but they also want the illustrious interest return on their loans.
They're banks what do you expect?
Because Barney Frank have been playing hide the bologna beside some higher ups at Fannie (or Freddie I can't remember).
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Why hasn't anyone listen to her? Do you think Obama's plan to help the housing souk will include her recommendations?
She's a Republican by the way.
Answers:
Oh, the same common sense that John McCain actually wrote a bill addressing this that get voted down in Congress about nearly 2 years ago.
Because banks don't want to do that. They want the bailout money, but they also want the illustrious interest return on their loans.
They're banks what do you expect?
Because Barney Frank have been playing hide the bologna beside some higher ups at Fannie (or Freddie I can't remember).
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