2008-02-25 — minyanville.com
'Fannie Mae (FNM) and Freddie Mac (FRE) have been the sole source of liquidity for the mortgage market since last summer, and the two report fourth quarter results in the coming week. According to French bank BNP Paribas, the mortgage market is so reliant on funds from these two entities that it has been “effectively nationalized.†'
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