2009-05-04 — housingdoom.com
The FHA is almost certainly going to need a taxpayer bailout in the months ahead. The only debate is how much it will cost. By law FHA must carry a 2% reserve (or a 50 to 1 leverage rate), and it is now 3% and falling. Some experts see bailout costs from $50 billion to $100 billion or more, depending on how long the recession lasts.
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catherine at 22:24 2009-05-04 said:
of course they will they took over the Subprime area but only the government would go into the mortgage business full steam ahead WHILE THE COLLATERAL IS STILL DROPPING LIKE A ROCK CAUSE WHY???????????? CAUSE IT AIN'T THEIR MONEY...................................................... Permalinkadd a comment | go to forum thread
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