A couple of issues Webo. 1) There was way more involved with Fannie and Freddie than just Phil Gramm and 2) Cash for Clunkers, if you run out of money and have to dump a bunch more in, then it went broke. The program was run so efficiently that the dealers are still waiting to get paid and the call centers had to be manned by the FAA employees. smile Finally, if the economy is already on its way back and the stimulus has just started to work smile then cancel it and save us a whole pile of dough.

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html


Edited by DBAppraiser (08/27/09 05:20 PM)