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big-yank

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big-yank

Re: CatBirdSeat post# 16676

Friday, 04/08/2016 8:47:44 PM

Friday, April 08, 2016 8:47:44 PM

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According to Melvin Watt, Director of FHFA, both GSEs are headed towards a rundown of capital by DEC. 2017 that will result in Treasury draws and an almost certain liquidation in JAN, 2018. Timothy Mayopoulos, Fannie Mae's CEO, said almost exactly the same thing in his DEC 2015 conference call.

Got a problem with that?

Take it up with them.
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