Fannie Mae-No Politics (FNMA)

[jeddiemack]

The junk bond thing should be front and center...100% agree.

Federal regulators have directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate the U.S. economy, according to three people briefed about the plan.

Wonder how much that cost Fannie and Freddie... to pay for buying bad loans and then foreclosing or reselling the bad loans into the market place.

Sure put all the risk on Fannie and freddie... that was

a big reason they took these two.. so they could prop up the banks.

by bailing them out.

This was never a bail out of fannie and freddie.. put purely a path or a way to bail out others.

I wish those documents "sealed" would be released in my life time.