Replies to post #264112 on Fannie Mae-No Politics (FNMA)

[kabanch]

That statement was in one of the TH posts on his blog and i find it to be very odd.

[rocco2]

This is what i have.. Ordered

Freddie and Fannie to Buy $40 Billion a Month in Toxic Sub-prime and Alt-A Mortgages.
Posted by mybudget360 in bailout, banks
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This is actually breaking news that has the potential to really destroy the U.S. taxpayer. There is a report out by Bloomberg and now being reported by CBS MarkeWatch that Federal regulators are going to order Fannie Mae and Freddie Mac to start buying $40 billion a month in troubled mortgages each month. Keep in mind this is money on top of the $700 billion that is allocated in the bailout package just singed a few days ago:


$$ FNMA $$


http://www.mybudget360.com/freddie-and-fannie-to-buy-40-billion-a-month-in-toxic-sub-prime-and-alt-a-mortgages/