Tuesday, August 6, 2013
Escape form Osborne
While Osborne concocts an electioneering scheme by pledging public money to the housing market, the Treasury is trying to find a way to gracefully exit Help to Buy. Apparently, selling the debt to insurance cmpanies is one of the options being considered. The scheme is absolutely crackers and I am beginning to suspect that it will have such momentum that it will be become unstoppable like the US Government Sponsored Entities: Fannie Mae and Freddie Mac.