Fannie & Freddie

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Fannie Mae Asks Taxpayers for Another $7.8B

http://www.cnsnews.com/news/article/fannie-mae-asks-taxpayers-another-78b

Right after that…

Fannie CFO’s signing bonus: $1.7 million

http://www.politico.com/news/stories/1111/68461.html#ixzz1ds2QdJ10

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Rather than diversifying risk, these government policies promote a concentration of risk… Both the savings and loan crisis and the Fannie-Freddie bailouts can be traced to congressional support for, and subsidization of, the 30-year fixed-rate mortgage… The solution is to wean the housing market from its dependence on subsidized 30-year fixed-rate mortgages, starting with winding down Fannie and Freddie over a period of five to seven years.

http://www.aei.org/article/economics/financial-services/housing-finance/new-bubble-may-be-building-in-30-year-mortgages/

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Mortgage giant Fannie Mae asks US government for almost $4.6 billion for 4th quarter

http://finance.yahoo.com/news/fannie-asks-govt-almost-4-152028535.html

[And whose$4.6 billionwould that be, again?]

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Your Share of Fannie, Freddie Losses: $1,300

http://blogs.smartmoney.com/advice/2012/02/29/your-share-of-fannie-freddie-losses-1300/

[Yes, you may not even know what Fannie Mae or Freddie Mac are (soon to be “were”) but you owe Barack Obama (and George Bush and Bill Clinton) $1,300 for their persistent economic ignorance anyway.]

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