On the recordNovember 15, 2010
Are the Fed and the GSEs going to aggressively pursue pull-back of mortgages to the originators and investment banks to reduce taxpayer losses?
Said by
Jim Bunning
Source
congress.govAre the Fed and the GSEs going to aggressively pursue pull-back of mortgages to the originators and investment banks to reduce taxpayer losses?
Senator Bunning questions the Fed's actions to mitigate taxpayer losses.
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if the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.
Have we ever been successful in raising taxes to help our economy in a recession?