The fallout over the Foreclosure Bill Rescue Package continues.
The warnings are loud, shrill and being largely ignored by an anxious public and jittery Congress that only wants to be re-elected.
But today’s intervention will have a high price to be paid in the future.
Why should we be propping up Freddie and Fannie anyway?
Why won’t our government allow the markets to correct themselves?
Prediction: There will be much more pain down the road.
However, as always, the savvy real estate investor can find more ways to make money in spite of government gaffs or even because of such disasters as the Foreclosure Bill.