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Thursday, August 11, 2011

If At First ou Don't Succeed, Try, Try Again

The Obama Administration is open to any ideas about how to get rid of all those foreclosed homes and turn them into rental properties. The Federal Housing Finance Agency, the Treasury Department, and Housing and Urban Development have released a Request For Information for how to best take those properties held by Fannie Mae and Freddie Mac and turn them into rental properties that could be managed by private enterprises, or sold. The idea is to make neighborhoods more stable while clearing the federal government's balance sheet.
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2 comments:

  1. AnonymousAugust 11, 2011 at 3:53 PM

    I say Obama does just like he did with cars a couple years ago and we instutute cash for bunkers. The banks can trade in the old energy hog homes for 40,000 credit towards new ones. The old homes will have cement poured into their pipes and have the basement walls broken so they are no longer usable.
    Makes as much sense as cash for clunkers did.

    ReplyDelete
  2. AnonymousAugust 12, 2011 at 8:45 AM

    Makes as much sense as cash for clunkers did.

    August 11, 2011 3:53 PM

    got rid of most of the obammy bumper stickers didn't it? lol

    ReplyDelete

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