Page 3 - Benjamin Busch News Today

are demanding that taxpayer-funded fannie and freddie, our money at the government, do more to relieve struggling homeowners. they say they want some of the mortgage debt that we own of our own money that the government canceled. they say well help stabilize the housing market and help at-risk homeowners. remember, fannie and freddie own 60% of our mortgages. in turn, it means you and i and the taxpayers own our own debt, if that makes any sense. so the good news is were actually negot...

remember, fannie and freddie own 60% of our mortgages. in turn, it means you and i and the taxpayers own our own debt, if that makes any sense. so the good news is were actually negotiating a debt restructuring, theoretically, with ourselves. make no mistake, unless this housing debt is restructured, the housing market and the economy will never fully recover. delaware attorney general beau biden is one of 11 that has sent a letter to the federal finance housing agency. beau, whats you...