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By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
Independent voices from the The Washington Times Communities
Topic - Gary Thomas
As a Realtor in Orange County, California, Gary Thomas lives at the epicenter of the last decade’s epic housing boom and bust that is only now beginning to release the economy from its withering grip.
The coveted look for vacationers this summer is sleek and chic — with an emphasis on sleek.
The return of profitability, which enabled the government to reap a windfall $59 billion dividend from Fannie Mae this month that helped to dramatically lower the deficit, provides Congress with some time to work out a "rational" solution for replacing Fannie and Freddie that includes a more limited government "footprint" in the housing market but maintains some government "backstop" for mortgages, he said.
"That's baloney, and I'm a Republican. They were not the cause of the crisis, though they took the brunt of it," he said.