Fannie Mae Supersizes You
Last week Fannie Mae and Freddie Mac made it easier for buyers in high-priced areas like New York to get big loans or re-fi their existing ones. Limits for federally backed loans in 70 counties across the U.S. have now been raised to $729,750, according to an article in the Wall Street Journal. The move…
Last week Fannie Mae and Freddie Mac made it easier for buyers in high-priced areas like New York to get big loans or re-fi their existing ones. Limits for federally backed loans in 70 counties across the U.S. have now been raised to $729,750, according to an article in the Wall Street Journal. The move is supposed to encourage lenders to to drop rates on jumbo loans (those over $417,000), which have soared above smaller loan amounts in the wake of the credit crunch. The loan-limit increase, however, will be short-lived: It’s set to expire at the end of this year. Still, this should do more to prop up the economy than tax rebate checks.
Fannie, Freddie Loan Limits Raised [WSJ]
Photo by *andrew.
2:34 – you are a brainwashed republican who isnt rich but think that you will be rich some day.
Guess what – you will never be rich enough for Republican policies to help you.
2.24 – you are funny. Annoying how the facts disrupt your “rich is bad poor is good” black and white worldview isn’t it. You pulled 16-20% out of your a%^.
2.26 – 2.23 is saying “the rich” pay more. Apparently you need to brush up on your comprehension skills.
2:23 wah wah wah stop your whiney crying. You are a moron if you argue that the poor get more out of our government than the rich.
“Someone earning 250,000k as a salary or with bonus pays a much higher perentage of his income than those earning 25k.”
This is an abosolute lie. the $250K wage earner if he is not a dumbass has real estate and other investments that reduce his taxable income. He also has the cash to hire a proper accountant to make sure he avoids as much tax as possible.
The 250K earner probably pays about 16-20% of his income in taxes. The 25K earner ends up paying over 30% – not including a greater percentage of sales tax to income ratio.
I hate these whiney rich guy wantabe’s who cry the rich pay more taxes.
If the govt billed taxes based upon usage of government services the rich should pay significant multiple more than the poor.
2.13 – did you just pull all that garbage out of your trash can?
sorry about the spelling on my previous post.
This will give fodder to the spelling nazi. I was multi tasking and not paying attention.
I hate the spelling nazi as it is so high schoolish and doesnt add any value to the conversation.
Yes they do – show us an unbiased source telling us otherwise. The top 1% pay about a third of all income tax, the top 10% pay about 65%.
The top 50% basically pay all of it. That means 50% of all income earners pay basically nothing towards the amount collected in income taxes.
And as for the poor paying a higher percentage of their income in taxes than the rich – that only applies where the rich aren’t wage earners and are getting their income from dividends and the like. Someone earning 250,000k as a salary or with bonus pays a much higher perentage of his income than those earning 25k.
“the top 10% of earners play the huge bulk of the income tax.”
No, actually they don’t.
“how exactly is Government shifting their money away to the rich?”
Its funny all these wantabe rich republican lemmings always state that the rich pay more taxes than the poor.
I have been firtunate to make a bit if money over the last 10 years and am now a multi millionaire. The more I become worth, the more tax write offs I have and the less tax as a percentage of my incoome I pay.
When I wasnt rich, I paid about 30-40% of my income in taxes. Now that I am rich, I pay less than 20% of my income in taxes.
The shift from the poor to the wealthy is that the US Govt makes the poor pay a higher percentage of their incomes than the rich. Also the predominance of services that our tax dollars pay for are for the rich.
how often do the poor require FICA to insure the hundred of thousands of $$$ in their bank account? How often do the poor need the SEC to look into their execercizing of stock option grants?
How often dot he poor need the govt to make sure that the extension of their beachhouses do not violate wetlands acts, or are in uninsurable flood zones?
The amount of govt services available to the poor are a minuet fraction of the govt services area available to the rich.