2009-09-02 — globest.com
"The Mortgage Bankers Assoc. is proposing the creation of a new line of mortgage-backed securities backed by a new form of government guarantee. The proposal’s goal is to jumpstart the secondary mortgage market, which has been languishing for two years. Its ultimate impact, if it is enacted into law--which would clearly be a long slog--would be on GSEs Fannie Mae and Freddie Mac, which would undergo a significant overhaul if not outright realignment."
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tvsterling at 19:59 2009-09-03 said:
Let me get this straight. The same industry which put America in the toilet now wants to write it's own sweetheart law to jump start the next bubble. Hasn't anyone told them that Bushy the Bungler & his wrecking crew are out of office? Permalinkadd a comment | go to forum thread
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