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Letgoofmyfannie

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Letgoofmyfannie

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Wednesday, 12/25/2013 12:28:22 PM

Wednesday, December 25, 2013 12:28:22 PM

Post# of 17761
What should happen to Fannie Mae, Freddie Mac?


Bruce Berkowitz interviewed in USA Today:

http://www.usatoday.com/story/money/business/2013/12/25/fairholme-capital-berkowitz-on-fannie-freddie-future/4041843/

Q: Five years after the crisis, Fannie, Freddie and the FHA own or guarantee nearly all non-jumbo home loans — nearly no loans get made without their insurance, especially. Why hasn't the private sector come up with an alternative that works?

A: Why would a lean hungry private sector come in with a new idea when a lean, hungry private sector already put in $34 billion and it was taken away?


Merry Christmas, Everyone!
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