Huntsman: Shut Down Fannie and Freddie

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Fannie Mae and Freddy Mac should have been shut down a long time ago, it truly doe'snt take a fiancial genious to see why and what they did to home owners and tax payers alike is truly criminal not to mention what they did to the housing market.
The next big question is did they serve the purpose that the government wanted them to serve, they have overstayed their welcome for some reason, and who is the government trying to kid with Hamp and Making Homes Affordable when it is government entities like Fannie Mae and Freddy Mac foreclosing on these homes, and they are not working with anybody to save them.
There should'nt even be anymore talk of rather or not Fannie Mae or Freddy Mac should be shut down but how soon can they be shut down, and why is there never anybody speaking out for these entities including some representitive for Fannie and Fredy, it's like there's nobody there to defend them nor are they defending themselves.

David Wayne Fouts of IN 7:47PM January 15, 2013

Fannie Mae and Freddy Mac should have been shut down a long time ago, I alway's thought that it was a slap in the face for tax payers and home owners alike to support a government entity just so they can turn around and foreclose on their homes, and for what, they are hurting just as many people that they are helping, foreclosing on people who were at least responsible enough to finance ther homes to begin with just so they can help people get a home that was'int responsible enough to finance a home, and why doe's the government have programs like making homes affordable when it is the government foreclosing on their homes to begin with through Fannie Mae and Freddy Mac.
Shut these government entities down now, even if it does;int help the housing market it most certainly wont hurt it.

David W. Fouts of IN 8:31PM December 17, 2012

When government entities enter the market supported by the funds of the American people with a social agenda, not an economic one, disasters happen. Sell off the assets of Freddie and Fanny and never let this happen again.

Randy Arehart of OH 9:32AM December 07, 2011

Son of a billionaire. Buddies with GeorgeW. He certainly doesn't need Fannie or Freddie to buy a house, not with Mommy and Daddy. He got into a position of power by buying people off. And yet, we should listen to him.

Wade 2:36PM December 06, 2011

Return to the guaranteed loans of the FHA, with a required minimum down payment of 10% of the sales value and the restriction of some percent of your total income as maximum monthly payment including taxes and insurance. This would eliminate Fannie and Freddie out of the cycle. This is if the lender and you want a guaranteed loan, if not go conventional with no guarantees lender beware. This would be good for the borrower as well as the lender.. I know this would eliminate a lot of prospective buyers initially but the market will adjust to this and bring home prices down to an affordable level for working people.

Bill Smith of TX 12:54PM December 05, 2011

This kind of sounds like what Arnold Scwharzeneggar planned on doing in Sacramento,CA.
If HUD housing or other government buildings,like the museum at the capitol of Florida which is the OLDER building and stores relics as recent as Katherine Harrisses' 2000 foulplay innuendo during the GORE vs, BUSH campaign...were capable of ACCEPTING money for sales of these places...and it were to be beneficial towards the market and economy...then after just perusing the first couple of paragraphs I may find out what the problem is.
More than likely that BIG STARS like Angelina Jolie and others don't want to be so accessible towards the PUBLIC..or whatever other redistributed and accessible marketing available to house inside these buildings.
Law Firms and College Education will make up the occupational of these dwellings I suppose.

Danton of CA 11:47AM December 05, 2011

Yes...they should do away with FannieMae/Freddie Mac. The government's inclusion in all types of loans should be demolished. Not only in housing loans, but in the student loans as well. Especially, student loans...my daughter took on line courses for an Associates Degree in Criminal Justice...two years (it was hilarious to see how easy this course was)...it ended up leaving her owing over $32,000 in student loans...I feel THAT is outrageous to say the least...her job right now? Walmart security, making $8 an hour! Job she had before taking this course, 911 Dispatcher ($12.50 an hour). Job she was told she could get with this degree? Juvenile Probation Officer...Hahahahaha...won't happen...needs another two years! Can't afford it...can't even afford to pay back the student loans she already has! The government needs to stop backing all these outrageous loans!

Karen Sue Reed of GA 8:43AM December 05, 2011

Yes...they should do away with FannieMae/Freddie Mac. The government's inclusion in all types of loans should be demolished. Not only in housing loans, but in the student loans as well. Especially, student loans...my daughter took on line courses for an Associates Degree in Criminal Justice...two years (it was hilarious to see how easy this course was)...it ended up leaving her owing over $32,000 in student loans...I feel THAT is outrageous to say the least...her job right now? Walmart security, making $8 an hour! Job she had before taking this course, 911 Dispatcher ($12.50 an hour). Job she was told she could get with this degree? Juvenile Probation Officer...Hahahahaha...won't happen...needs another two years! Can't afford it...can't even afford to pay back the student loans she already has! The government needs to stop backing all these outrageous loans!

Karen Sue Reed of GA 8:38AM December 05, 2011

Yes the government needs to get out of the private sector and let free trade work. Another good start would be term limits for congressmen, it should not be a career only a service to the citizens.

Bart Speck of TN 7:25AM December 05, 2011

Government should never be involved directly doing something that the private sector does. The government should exist only to provide public benefits. Private corporations can never compete with the government. For the housing market, if the private banks do not want to take on the toxic assets and risky loans, then that is a good thing. The market becomes self-regulating. If all of the banks and mortgage companies knew that they would be left with the tab for all of the bad loans they made, they wouldn't have made them and the market would not be seeing all of the foreclosures we have now. Sure fewer people would have homes; just those that could really afford them.

Sheldon of CA 4:54AM December 05, 2011