http://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenSun, 05 Oct 2008 22:43:52 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-2886130The problem here is all the losers who defaulted on there home loans!!! Banks are also at fault for giving these losers mortgages with " little or no money down". Homeowners should not be getting mortgages without putting down at least 15 to 20 percent down on the value of the property. That is, a house valued at 100,000 dollars, a person must put as a dow payment 15.000 to 20.000 dollars!!! That should be made a law!!!JeffSun, 05 Oct 2008 22:43:52 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1106161China Holds 800 billion not 300 billion. European investors hold 300b.BrianTue, 05 Aug 2008 18:19:18 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1105426Morgan,<br> I really enjoyed this post and I am learning so much from the conversation as well. <br><br>I think that a bailout was inevitable because of the effect it would have on the housing market. Without these programs it would be much harder to get homes sold.ELNumeroJuanTue, 05 Aug 2008 16:59:56 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1103163Can you say Amero?GianaTue, 05 Aug 2008 13:21:44 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1103058Ken,<br><br>No one's blaming foreigners here. It's clearly our fault. But fault<br>is not tied to the action here. Foreign investors were nervous about<br>their investments. And those investors happen to come from our<br>country's largest trading partner, China. It's naive to think that<br>their interests were not considered or served in any of this. In<br>addition to the 300 billion mentioned in the article China holds<br>trillions in other US assets, cash, mortgage debt etc. It wasn't<br>about the 300 billion.morganbTue, 05 Aug 2008 13:11:09 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1102986Edzackly! While I wish the foreigners (and domestic buyers of GSE debt) would have had to take the "haircut" prescribed by Nouriel Roubini, I must admit that Paulson may have calculated that our guaranteeing GSE debt (ultimately to the probable tune of $300 bil or so) may be less expensive than having to pay higher ongoing rates in order to float the entire federal debt. Bondholders taking a haircut on GSE debt may have imputed a igher risk of a US default on Treasury debt. Who knows whether such a calculation is accurate. It's not entirely illogical, though. And it demonstrates our unhealty reliance upon our creditors. "Neither a borrower nor a lender be."Fielding MellishTue, 05 Aug 2008 13:04:29 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1102796Great, what to expect besides xenophobic fear mongering. So because China has 300B out of a few Trillions, the US Treasury's action is because of China ? Just think about your own logic, folks. Folks, you have a bad problem, don't make it worse by blaming foreigners. Like the saying goes, all Empires fail due to their own fault, foreigners are just on-lookers.KenTue, 05 Aug 2008 12:46:41 -0000http://blownmortgage.com/2008/08/05/if-you-wondered-who-the-fannie-bail-out-was-for-wonder-no-longer/#comment-1102255Our money has been going over there to fund their industrial expansion by the purchasing of their goods produced. It is only fitting they support our crazy consumer system by giving us back some of the cash in the mortgage market so lenders can in turn allow consumers to continue ths idiotic cycle that passes for business profitability and successful globalization. Just another ponzi scheme feeding another ponzi scheme in the name of greed.Money ManTue, 05 Aug 2008 11:57:39 -0000