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Radical Transparency for the Mortgage and Real Estate Industries
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Backslapping Mortgage Bailout, Fannie and Freddie Get a $200B Blank Check

Started by JeffX · 1 year ago

Great Op/Ed article in the Wall Street Journal  today…

Fannie Mae and Freddie Mac were allowed to ‘leverage up’ their portfolio from 30-1 to 33-1 (for every $1 in freed up capital they can spend $33 instead of $30) ‘creating’ an additional $200B(illion) worth of liquidity they may now use to buy more mortgage backed ... Continue reading »

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