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Friday, November 30, 2012 3:04:25 PM
Let's not forget, pundit Nr.1: Edward DeMarco.
His words on February 28, 2012:
"In particular, FHFA must consider what it means to “take such action as may be necessary to put [Fannie Mae and Freddie Mac] in a sound and solvent condition” when it is clear that the draws the companies have taken from the Treasury are so large they cannot be repaid under any foreseeable scenarios."
http://www.fhfa.gov/webfiles/23408/02-28-12_FINAL_DeMarco_Testimony_SBC.pdf
(p.9)
High time for the gravedigger to put on another dress.
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