Ah - Its a Brave New World out there. The bailout plan from what I can see is better than it was - but my questions is - Who will oversee the overseers? Afterall if a program set up by the government fails - then I really have no confidence in them to step in. This is from the Fannie Mae website..
'The government established Fannie Mae in order to expand the flow of mortgage funds in all communities, at all times, under all economic conditions, and to help lower the costs to buy a home.
Fannie Mae has a unique duty to the public it serves -- and the private investors that fuel its service -- to be a model company focused on service, reliability, and value.'
Yeah - and that worked out real well. SO instead we will get more government 'oversight' and control. Yep - A Brave New World.