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| paulson reminds US that banks can resume foreclosure processWed, 07 Jan 2009 11:15:30 -0800 by grandcentralterminalGSE = Government sponsered entities.Basiclly Paulson used TARP $$ Money to buy shares in Banks that sold FHA insured loans that now Fanny and Freddie are stuck with. Now that Fanny and Freddie can recoup there capital in auctioning off the homes money can get back into the system and get the economy going again. Only your Pastor will tell you mortgages are bad --- you pay more for the interest then you do the house, thats why there are banks on every corner with free coffee and candy, look at your mortgage statement, mostly INterest.Funny how Democrats like Maxine Waters calling Bankers Predetors and borrowers victims, would Support Obama, His Grandma was a Big banker and Step-Dad Big Oil!!! Related: foreclosure paylson interest rate |
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