A priceless quote yesterday from one Theodore Tozer of Ginnie
Mae, which has now surpassed Freddie Mac as the second largest
funder of home loans in the country. A quote that will surely come
back to haunt him in the future and which shows that nothing,
absolutely nothing has been learned by the powers-that-be. A quote
so dripping in potential schadenfreude that it deserves wide
dissemination. I wonder what his golden handshake will amount to
WTSHTF?
“We’ve done a really incredible job supporting the housing
market...and the taxpayer makes a ton of money on it.”
“Our model is something people don’t really
understand,” Tozer said.
“It’s the government having its cake and eating it,
too.”
**bangs head against brick wall**
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Posted by philosoraptor on 10th of Nov 2011 at 04:15 pm
A priceless quote yesterday from one Theodore Tozer of Ginnie Mae, which has now surpassed Freddie Mac as the second largest funder of home loans in the country. A quote that will surely come back to haunt him in the future and which shows that nothing, absolutely nothing has been learned by the powers-that-be. A quote so dripping in potential schadenfreude that it deserves wide dissemination. I wonder what his golden handshake will amount to WTSHTF?
“We’ve done a really incredible job supporting the housing market...and the taxpayer makes a ton of money on it.”
“Our model is something people don’t really understand,” Tozer said. “It’s the government having its cake and eating it, too.”
**bangs head against brick wall**