If the hundreds of billions that we've already put on the line for Fannie Mae and Freddie Mac, the quasi government mortgage giants, wasn't enough, we'll soon be doing the same thing for the FHA, since one out of five of their loans is in some state of delinquency. HT: FS
Those who keep saying student loans from the government will be the greatest thing since sliced bread should really be asking themselves how to avoid the fate of mortgage lending by the government.
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