{"id":4242,"date":"2008-09-06T19:18:15","date_gmt":"2008-09-07T02:18:15","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=4242"},"modified":"2008-09-06T19:18:15","modified_gmt":"2008-09-07T02:18:15","slug":"a-eulogy","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4242\/a-eulogy\/","title":{"rendered":"A Eulogy…."},"content":{"rendered":"

Dearly Beloved:<\/p>\n

\n

We gather here to commemorate the dearly departed who\u2019s passing we mourn today. <\/span>I\u2019d like us to take a few moments to dwell on the lives that were lived, the good that was done, and the ways we can learn from their excesses.<\/p>\n

\n

Fannie lived a good long life. <\/span>She came to this earth during the Depression and spent many many years doing good and helping many many people live the American Dream and buy a house of their own and benefit from long term fixed and affordable mortgages. <\/span><\/p>\n

\n

Later in life, Fannie\u2019s younger brother came on the scene. <\/span>Freddie, beset with a case of sibling rivalry, attempted to outdo his older sister. <\/span>First Freddie attempted to do the same thing that Fannie did and all was well. <\/span>Competition was good, it kept the siblings honest and many people benefited.<\/p>\n

\n

But as Fannie grew older, she began to resent her younger sibling. <\/span>He was younger, less experienced, but kept up with his older sibling quite well. <\/span>As the sibling rivalry grew, more risks were taken. <\/span>In their attempts to outdo each other, greed and corruption took over. <\/span>Risks were taken and increasingly risky behavior was considered acceptable.<\/p>\n

\n

Over the years, the markets responded very well to Fannie and Freddie\u2019s increasingly competitive and risky behaviors. <\/span>More and more people were able to live the American Dream until the American Dream became too expensive. <\/span>Suddenly, the risky behaviors that Fannie and Freddie were engaging in weren\u2019t paying off quite as well.<\/p>\n

\n

Initially, Fannie and Freddie seemed fine, but later it was determined that the risky behaviors had caused significant internal damage. <\/span>Many efforts were made to revive them and bring them back to full health. <\/span>The medical bills have been staggering and the efforts were heroic. <\/span>But, alas, it was too late.<\/p>\n

\n

Rest in peace, dear brother and sister. <\/span>Know that you\u2019ve done well and helped many over the years. <\/span>Know that the lessons that we\u2019ve all learned from you will echo throughout the years: <\/span>Know your limits, be responsible, don\u2019t let greed run rampant.<\/p>\n

\n

In Memory of our Dearly Departed, I ask that you join me Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dearly Beloved: We gather here to commemorate the dearly departed who\u2019s passing we mourn today. I\u2019d like us to take a few moments to dwell on the lives that were lived, the good that was done, and the ways we can learn from their excesses. Fannie lived a good long life. She came to this […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[26,175],"tags":[],"class_list":{"0":"post-4242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"category-project-blooodhound","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3360,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3360\/update-on-the-fannie-and-freddie-issue\/","url_meta":{"origin":4242,"position":0},"title":"Update on the Fannie and Freddie Issue","author":"Tom Vanderwell","date":"July 14, 2008","format":false,"excerpt":"Okay, here\u2019s an overview of my take on the Fannie Freddie issue: Do you think the Stock Markets like the Fannie Freddie Bailout? Uh, that would be a classic example of an initial elation followed by the let down that comes from looking at the details.\u00a0\u00a0 I\u2019m not going to\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"Do you think the Stock Markets like the Fannie Freddie Bailout?","src":"https:\/\/straighttalkaboutmortgages.files.wordpress.com\/2008\/07\/dow-in-time2.gif?w=350&h=200&crop=1","width":350,"height":200},"classes":[]},{"id":10727,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10727\/anyone-think-that-fannie-and-freddie-are-out-of-the-woods\/","url_meta":{"origin":4242,"position":1},"title":"Anyone think that Fannie and Freddie are “out of the woods?”","author":"Tom Vanderwell","date":"December 29, 2009","format":false,"excerpt":"Then check out this chart marking delinquencies at Fannie Mae.\u00a0\u00a0 Calculated Risk: Fannie Mae: Delinquencies Increase Sharply in OctoberFannie Mae reported today that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 4.98% in October, up from\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/straighttalkaboutmortgages.com\/wp-content\/uploads\/2009\/12\/FannieMaeDelinquencyOct.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10715,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10715\/interest-rates-have-been-trending-upward-but-what-happens-when-uncle-sugar-quadruples-the-sugar-supply-at-fannie-and-freddie\/","url_meta":{"origin":4242,"position":2},"title":"Interest rates have been trending upward, but what happens when Uncle Sugar quadruples the sugar supply at Fannie and Freddie?","author":"Greg Swann","date":"December 26, 2009","format":false,"excerpt":"From the Wall Street Journal:The Obama administration's decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the next three years stirred controversy over the holiday. The Treasury announced Thursday it was removing the caps that limited the amount of available capital\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4576,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4576\/what-happened-fannie-mae-and-freddie-mac-exploded-and-many-bystanders-were-injured-in-the-blast-some-fatally\/","url_meta":{"origin":4242,"position":3},"title":"What happened? “Fannie Mae and Freddie Mac exploded, and many bystanders were injured in the blast, some fatally”","author":"Greg Swann","date":"September 22, 2008","format":false,"excerpt":"Things fall apart: Kevin Hassett at Bloomberg.com is getting death threats over this news analysis:The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story. Why\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4256,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4256\/excerpts-from-the-press-release-about-the-death-of-fannie-and-freddie\/","url_meta":{"origin":4242,"position":4},"title":"Excerpts from the Press Release about the Death of Fannie and Freddie…..","author":"Tom Vanderwell","date":"September 7, 2008","format":false,"excerpt":"Treasury Press Release I have clearly stated three critical objectives: providing stability to financial markets, supporting the availability of mortgage finance, and protecting taxpayers \u2013 both by minimizing the near term costs to the taxpayer and by setting policymakers on a course to resolve the systemic risk created by the\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10718,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10718\/twas-the-night-before-christmas\/","url_meta":{"origin":4242,"position":5},"title":"‘Twas the Night Before Christmas","author":"Tom Vanderwell","date":"December 29, 2009","format":false,"excerpt":"and all through the country, people were paying more attention to Christmas than they were to the government and to the financial mess that is making our country struggle.So what did the Treasury do?\u00a0\u00a0 They did two things:They expanded the nationalization of Fannie Mae and Freddie Mac from $200 Billion\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=4242"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4242\/revisions"}],"predecessor-version":[{"id":4245,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/4242\/revisions\/4245"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=4242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=4242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=4242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}