The payroll tax cut extension is being paid for by increases in fees associated with home mortgages. That’s the story making the rounds these days. I’ve been asked about it a number of times, starting with a piece from CBS News from February of this year that was posted on my Facebook page with the…
Remember when YOU saved Fannie Mae and Freddie Mac? Well, apparently your generosity knows no bounds. In response to taxpayer demands, the Justice Department is currently investigating whether there was any wrong doing leading up to the collapse of the mortgage industry. And naturally, executives at companies like Fannie Mae and Freddie Mac are scrambling…
The federal takeover of the Fannie Mae and Freddie Mac – some call it the “nationalization” of the mortgage industry – is finally happening. Congrats to you, John and Suzy Taxpayer! You did it! Oh yeah, it couldn’t have happened without your tax dollars. The takeover comes at a cost of $200 billion (with a…