About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

What a pithy quote. “Socializing risk and privatizing reward” is what Senator Chris Dodd called recent government actions of letting private bankers and Wall Street wonks get rich on the housing market during boom times and then rushing in to bail them out when times get tough. Something surely will change out of this latest mess. With any luck regular Americans won’t get stiffed even more than they already have been. Anyway, here is the recent Time article that provided that Dodd quote.

Comments (0) Posted by G.R.A. Admin on Friday, July 18th, 2008

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