Help!!!!! Where is Barney Frank when he’s needed????

January 3, 2009 in Economic chaos, Markets, Personal Finance, credit, employment, news
Tags: bailout, bankruptcy, business, credit, credit card rates, Economic chaos, economy, finance, foreclosure, government, intervention, legislation, loan, loans, Markets, money, mortgage, news, people, politics, Red Plague, refi, refinance, thoughts

Today’s Wall Street Journal had a small article buried within the paper which once again demonstrated how screwed up our American Government/Financial Systems are.

Fannie Mae announced on Monday that it is raising its fees to lenders for guranateeing or buying certain mortgages. The article notes that the fees will increase to 3.25% of the loan amounts after April 1st, from the current 1.25%.