Freddie/Fannie will only back mortgages that meet their guidelines. In the run up to the bubble they had to loosen their standards to remain relevant, my understanding.
The problem with trust funds and government is the 'trust' part. But Barnum was right...
Flac I agree, I'd have had some respect for Obama if he would've done a sweeping overhaul of government. But the Dems are now the party of the status quo, the Reps at the state level are instituting sweeping reforms that the Feds will be seeing next GOP takeover
And 'fix' SS by raising the retirement age? So I have to wait till 70 for my pittance, that I'm about to pay twice for!, but if you work for the government you get a great retirement at 50-55?? THAT is why the GOP will win. Ultimately Americans have a sense of fairness.
Pete