Backdoor Bank Bailout? Fannie And Freddie May be “Losing Money as a Matter of Policy”
Peter Gorenstein
Yahoo Tech Ticker May 12, 2010

Category: Bailouts, Video

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3 Responses to “Fannie And Freddie And the Backdoor Bank Bailout”

  1. [...] Disclosures « Fannie And Freddie And the Backdoor Bank Bailout [...]

  2. DeDude says:

    F&F has 96% of the housing market and could easily stop losing money if they jacked up rates by 200 bp, but that would kill the recovery and cost a heck of a lot more money out of other government pockets than the loses they are reporting right now. Now if they had been a private entity they would not have hesitated with doing that (and to hell with the economy and the country), but since they are owned by the government they are doing the right thing. But saving the banks (by keeping house prices from crashing) is just collateral damage. The real goal is saving the economy, and its been working pretty well – stopping the free fall.

  3. I try to distinguish between what came before they were placed into receivership and what came after.