Bloomberg.com reports that Jeffery Lacker, the President of the Richmond Federal Reserve Bank called for privatizing the two lenders. He is the first member of the Federal Reserve to come out against the Admininstrations strategy to maintain them as Federally backed and government sponsored companies owned by shareholders.
You might have heard the term 'Slow Food' but what exactly is it? The Slow Food USA website states it succinctly as, "Slow Food is...simply about taking the time to slow down and to enjoy life with family and friends."
The recent Housing Bill passed by the House, besides creating the opportunity for home owners with risky loans to refinance with safer Federally backed loans, includes a $7500 tax credit for first time home buyers.
So, a little bit of good news in the midst of the current market -- the National Association of Realtors just released the seasonaly reported index of pending home sales as having gone up 5.4% since May (now at an index of 98).