Will the government guaranteeing every type of loan work for America?
Its now guaranteeing mortgages, business loans, student loans, and in some cases car loans (GM financing arm) at extremely low rates.
Mortgages are currently financed at 4% percent with only 2% downpayments through fannie mae and freddie mac.
When will the people of the United States realize, this is exactly what caused the massive housing bubble and collapse?
Not only repeating them, but robbing the americans that produce to enrich the government, as well as, making EVEN WORSE loans at LOWER teaser rates.