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Tuesday, August 26, 2014

Fannie, Freddie, CW & Mel

I'm watching CW going about its business, consolidating its hold on PCVST, more and more promoting to students.  Even the so-called Refer A Friend program is nothing more than a thinly guised attempt to get more students in.  (Think how great it would be to have your friends living near you.)

And what do Freddie and Fannie do during all this?  They must be supporting it.  Fannie and Freddie...the friends of middle and low income housing.  Not for a minute.  They're acting like any other private concern out for a buck.

I had some hope when Mel Watt was put in charge of FHFA.  But now that's over.  Well, Mel, I guess if we put dollars signs in front of it, your governmental role and mission are over.

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