NYT: Too big to fail?

[Skip to the end] Too Big to Fail? by Peter S Goodman Using public money to spare Fannie and Freddie would increase the public debt, which now exceeds $9.4 trillion. The United States has been financing itself by leaning heavily on foreigners, particularly China, Japan and the oil-rich nations of the Persian Gulf. This is […]

FT: Time for comrade Paulson to pull the plug on the Fannie and Freddie charade

[Skip to the end] Totally misguided regarding public purpose. For one thing, the shareholders of the agencies are still there for ‘market discipline’ – all that’s been done for them is eliminated liquidity issues, not solvency issues. At the end of the day a lot of houses were built for a lot of people who […]

Re: Fannie & Freddie

(an email exchange) > >   On Mon, Apr 21, 2008 at 9:55 AM, Russell wrote: > >   Fannie and Freddie now back 82% of all mortgages in the U.S., >   up from only 46% in the second quarter of 2007. If they need >   a bailout – could be a trillion dollars – Funds are […]