No offense but Glen Bradford has been spewing this stuff out for years hoping that its gonna happen. Both Fannie and Freddie are fully capitalized today and they don't need new capital.
Fannie Mae passed the stress test by a wide margin, the company made 88 million dollars a day in the 2nd QTR, and have well over 40B in retained earnings.
Yeah they need restructuring alright just like the rest of us need some swamp land in Florida to build a new house on.
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