Comments on: Fannie, Freddie Tab Could Hit $363 Billion

By: yswo

yswo — Sun, 31 Oct 2010 06:35:17 +0000

Yet Obama refused to address the GSEs in the financial reform bill. The GSEs have too much clout on capital hill. At least Henry Paulson who was a pretty bad treasury sec. had the gall to take them on.

By: Your Sister

Your Sister — Fri, 22 Oct 2010 02:31:09 +0000

Or akuperma, we could finally audit Fannie and Freddie and privatize them. Then, repeal the Community Reinvestment Act.

By: akuperma

akuperma — Thu, 21 Oct 2010 17:14:02 +0000

There is also the possibility that they can sue the banks who sold them the mortgage grounds on the theory that since the paperwork was often bungled (cf the current dispute about illegal foreclosures), the bank is liable for any losses since the banks implicitly warranted that the mortgages sold to Fannie and Freddie were fully valid mortgages.