Fannie & Freddie

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Fannie Mae Asks Taxpayers for Another $7.8B

Right after that…

Fannie CFO’s signing bonus: $1.7 million


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.


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

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


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

[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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