Relevant:
- Freddie Mac and Fannie Mae Quick Fix Could Cost Taxpayers
- Fannie, Freddie Holders Shouldn’t Assume Guarantee
- Wells' dubious off-balance sheet treatment of conforming loans avoids capital raises
- Paul Ryan favors dissolving Fannie Mae and Freddie Mac
- The Trump Admin's Fannie and Freddie "Reform" Plan is A Cronyism Rehash
2009-02-25 — ritholtz.com
" Everyone should recall that Fannie Mae and Freddie Mac were forced to massively increase their already bloated balance sheet in the aftermath of the Bear Stearns collapse. It seems reasonable to me to assume that the two organizations did so only because they were given an implicit guarantee at the time by the government officials involved. Here is my train of thought."
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Comments:
catherine at 01:18 2009-02-26 said:
COME ON OLD NEWS, Barney Frank the comedian in charge of who gets what money and speaks for the entire government in that regard PROUDLY INTRODUCES ONE OF THE TOP MEN AT FANNIE AS HIS LOVER can you even imagine Bush or Cheney having a lover at Fannie WHILE WE PROPPED THEM UP over and over and over again. the media would be serving us that story for breakfast, lunch and dinner................ try and find one creepy media person that will tell this fact on a left wing extremist pig,......................while we are bailing out fannie with billions and billions................... nope fannie and freddie are protected and owned my Mr. Frank and they should all be in jail by now. Don't forget the head guy that was fired by Bush and had to give back millions in ill-gotten gains (Raines) was Nobama's go to man on economy.....................it is becoming disgusting................ Permalinkadd a comment | go to forum thread
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