Friday, Mar 05, 2010
Does he even know what day it is?
Business Insider: Barney Frank Makes Shocking Hints That The Fannie And Freddie Guarantee Could End, Even As GSEs Pull Cash From Foreign Banks
Barney Frank has has sent shudders through the financial world by hinting that the guarantee of Fannie (FNM) and Freddie (FRE) isn't as ironclad as had been presumed.
With 5 trillion in their own debt, Fannie and Freddie coming on balance sheet would have the impact of nearly doubling U.S. government debt.
Posted by devo @ 06:14 PM (292 views) Add Comment
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