Meet the New Mortgage Rules – They’re the Same as the Old Ones

9 | By Shah Gilani

And you thought the federal government was getting out of the mortgage guaranteeing and backstopping business.

In fact, the feds are not only not getting out of the mortgage business, but they’re already blowing up the next bubble.

As a result, the Great Recession – spawned by the credit crisis, easy-money mortgages and low interest rates – is going to make a comeback.

We already have artificially low interest rates, so check that box. All we have to do now is start dishing out easy mortgages again.

Well, we can now check that box, too…