They still don't get it...

Here is a quote from an AP story this morning.

GOP plan for housing emerges
By David Espo
Associated Press

"Officials said the GOP was coalescing behind a proposal designed to give banks an incentive to make loans at rates currently estimated at 4 percent to 4.5 percent. Fannie Mae and Freddie Mac, which were seized by the federal government in September, would be required to purchase the mortgages once banks have made them to consumers. "

This is exactly what caused the mortgage crisis in the first place. Have they learned nothing?

You make a loan, you keep the loan.

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