08/24/10 Stockholm, Sweden –
The White House is currently looking at how to inch its way out of backing mortgages… this time by tacking fees onto lender activities, according to the Wall Street Journal.
Despite the call for new charges the government guarantees — and resulting moral hazard — remain, and the latest strategy twist isn’t likely to change much.
You can check out the cartoon below, which came to our attention via The Daily Bail’s post on how the White House leaks on Fannie and Freddie restructuring.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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