While We Slept
is there an n-word in here?
U.S. federal regulators outlined their takeover of Fannie Mae and Freddie Mac Sunday morning, including control of the firms by their regulator and a Treasury Department purchase of the firms’ senior preferred stock.
The plan, outlined jointly by the Treasury Department and Federal Housing Finance Agency, also includes a plan for the Treasury to purchase mortgage-backed securities from the firms in the open market, and a lending facility through the Treasury from its general fund held at the Federal Reserve Bank of New York.
So, .... I realize that a Freddie/Fannie failure would do bad things in the Market, but isn’t this just another Band-Aid covering up deep infection?
Hey Claire, wassup at SondraK’s? Hasn’t worked since last night. ‘Lympian hax0rz?
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I dunno, Hog. Usual gremlins, I suspect—all bettah now tho.
Posted by Hog Whitman on 09/07/08 at 08:29 AM
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