Fannie Mae and Freddie Mac

http://www.msnbc.msn.com/id/26567533/

U.S. nears rescue plan for Fannie and Freddie
Deal said to involve change of leadership, infusions of capital

I am going to guess this is just one more attempt to delay the inevitable. So, is the government just printing money as it needs to? When will it run out? How can we continue to throw this much money at fixing things and supporting the war? And now we are just going to do it quarterly to cover actual losses? That tells me we are close to running out and the government is spreading out the losses because taking them all at once would be devastating. Why don't we let the individuals that created these messes man up and deal with it on their own? Realistically, things can't get much worse for the individual families and people trying to make it on a daily basis.

I was filling in last week to help with some collecting, and talking to people things are not good. One guy I talked to has a mortgage through Countrywide. His house is worth $120K. His mortgage balance is $187K. His payment does not cover any principle. Therefore, each month he gets more and more upside down. To top it off, he works for a car dealership and his commissions are way down, because no one is buying trucks.

Thoughts guys? Much love, Karen