[quack]

Freddie is sitting at 7.50 at the moment.Down over 26%.

[count-your-change]

Congress is suggesting that failing housing mortgages should be taken over by Fannie Mae, whose share price has dropped from about $70 to about $15 over the past year.
Fannie Mae will need tons of money and a huge gush of money to bail out Fannie Mae will see the value of the dollar drop producing more inflation.

[Ron Jeremy]

Why isn’t Harold Raines in prison?

[Nick Danger]

bastions of privilege, financed by the taxpayer

Somebody needs to explain to me how an organization that buys and guarantees home mortgages is a "bastion of privilege." Between the two of them, Fannie Mae and Freddie Mac are involved in half of the mortgages in the country. Is this guy saying that owning a home in America is a privileged state that needs to be abolished?

The quote doesn't sound like something that a former Fed bank president would say. It sounds more like what a doofus reporter would tell us he said.

[skeeter]

Whats wrong with making banks stand by the home loans they make? Allowing them to immediately dump them on somebody else obviously doesn’t work.

[hripka]

The warning has been given.

[steveo]

Fannie and Freddie are not mortgage lenders. They buy (invest) mortgages from other lenders so technically Rooters gets it wrong from the get go.

[zip]

ping

[Extremely Extreme Extremist]

I’m just curious, who came up with these names anyway? Sounds like a stereotypical black couple from the South.