MInTheGap

Standing in the Gap in a Society that's Warring with God.

Does Fannie Mae and Freddie Mac Matter?

October 18th, 2008 Viewed 2149 times

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I had quite the discussion with a coworker yesterday morning.  He’s buying the line that Sen. Obama used that deregulation is one of the main causes of the current financial crisis.

I believe that while it may be the enabler of the crisis, it did not cause it.  Bad loans caused it, and there were some that encouraged bad loans, and some that wanted oversight into what was going on.

Keep It Up, Guys

September 26th, 2008 Viewed 1767 times

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Meet John Boehner.  This is the man (well, he and the other Conservative House Republicans) that stand between us and the bailout.

Well, actually, there’s also a lot of politics involved—surprise, surprise.

You see, the President, the Treasury Secretary, the Senate Democrats, the Senate Republicans and the House Democrats all want this bill.  And they have the power to pass it right now.  Today.  Right this minute.

In the Market for a House, Again

March 25th, 2008 Viewed 3048 times

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So we’ve started to look at some houses yet again. The difference this time is that our current house is not on the market. After seeing how much stress it caused the last time we tried, my wife and I decided that we’d much rather shoulder the cost of trying to sell an empty house and keep our sanity intact than we would trying to maintain a clean house (at practically a moment’s notice), start homeschooling the children (well, teaching them to read at least) and look for a new house. Plus, we’re not quite sure why the Lord seems to be closing the doors on houses for us right now.

In any event, the whole process will be slightly more costly by doing it this way. You see, after you close on a house you have roughly a month before your first payment on the new house is due. Now, I’ve already been in contact with a mortgage broker, and like all banks they tell me that I can afford quite the house while keeping my current one1. However, these banks don’t take into account standard of living and giving– my more than 10% to my church/charity.

  1. This was by the grace of God providing a competing job offer that gave me a promotion with a large raise. []

MInTheGap

Standing in the Gap in a Society that's Warring with God.