[unique]

Hmmmm.....since Fannie and Freddie have no funds to actually use to do this, it’s going to add to the deficit, big time.

Doesn’t something like this need to go through Congress?

If this happens, all of us will be paying down mortgages that have nothing directly to do with us - only it will be a tax.

We are so screwed.

[Qbert]

“Hmmmm.....since Fannie and Freddie have no funds to actually use to do this, it’s going to add to the deficit, big time.

Doesn’t something like this need to go through Congress?”

Apparently not:

http://www.businessinsider.com/henry-blodget-geithner-gives-housing-industry-a-huge-christmas-present-unlimited-fannie-and-freddie-bailouts-2009-12