If it’s true then wow, nice to know that Fannie and Freddie are trying even harder to get more declining paper on their books at our eventual expense. Not that this will save the market at all but the fact that they are able to pull this crap in an obviously declining market is amazing.
Looks like I’m going to have to put a short on them and hold to zero to hedge against my tax increase that will be used to bail them out.
