Candace Evans' Blog

The US has decided to take control of Fannie and Freddie. So what does this mean to the home sellers and home buyers? Well, first of all, after all the secrecy, these giants will become far more transparent in the manner in which they do business than they ever have before.  They will be headed by former vice chairs of US Bancorp and Merrill Lynch, which hopefully, will be a step in the right direction, but I doubt it.  Seems we are caught between a rock (buyers who had nothing to do with the free lending ways of banks are not able to get loans) and a hard place (bailing out Freddie and Fannie will create an undesirable tax burden on Americans).  Why did it have to come to this?

Some people made a ton of money off of the speculators in the housing market. I know it wasn't me, and I'll bet it wasn't you, either,  Yet, these people who gambled expect you and I to dig them out.  I don't know about you, but something about paying for other peoples' greed just doesn't sit well with me.