Well, on September 2nd, the blog entry titled “Lack of Follow Up” — I asked what was happening with Freddie Mac and Fannie Mae — As we have all heard — late last night, while we were sleeping or out on the town — the Government is probably going to seek control of the huge debts from these mortgage giants. Didn’t Greenspan just say that would be a bad idea a few hours before this press release???
Now, as we all know, a lot of people were riding others credit reports to get that house, condo, or apartment to live in. I bet you a nickel they are going to find mass fraud — ie — stolen social security numbers used and the like. They will also see the loopholes that creative folks used to obtain different things and expound on them like you won’t believe — instead of trying to close the damn loophole.
I’ve been saying it — the credit system does not work. How many of you follow your credit report ??? I do once a year — guess what — time to review came up — I have something ever bad on there and I will find who has taken it and used it. Time to get police reports filed. Time to get calls in to local governments/county to see if someone registered a car. Time to get a whole mess fixed due to loopholes — Wow — AT least I won’t rollover, I’m gonna fight it.
Overall – Let’s see what happens with the government take over of the properties. Ha! Gonna sell them to other govenments to pay back debts?? Kind of like with the different tolls booths and bridges — etc. etc. —going back to America is a big yardsale. Ha!
