FNM/FAE bailout ??? :)

[Arraya]

We are all homeowners now! YAY!!

A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts at $25 billion. For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. The numbers diverge so far from reality as to be laugh-out-loud funny. Funny, that is, except that the CBO estimate demonstrates a willful disconnect with the actual consequences of federal government actions.

As demonstrated below, the real cost of the bailouts will easily exceed $1.3 trillion. In fact, the real cost is likely to range between $1.3 trillion to $1.6 trillion, and is not unlikely to reach $2.5 trillion.

http://www.dailyreckoning.com.au/fannie-mae-and-freddie-mac-bail-out/2008/09/05/

Let’s not forget those pesky Ruskies..

“Russia says further cuts Freddie, Fannie holding”

“SOCHI, Russia, Sept 5 (Reuters) – Russia has slightly further reduced its holdings of U.S. mortgage agencies Freddie Mac (FRE.N: Quote, Profile, Research) and Fannie Mae (FNM.N: Quote, Profile, Research), central bank’s first deputy chairman Alexei Ulyukayev said on Friday.

At the start of the year Russia held $100 billion — or over one sixth of its gold and forex reserves — in Fannie Mae,
Freddie Mac and Federal Home Loan Banks.
In the summer, officials said that the holdings had been reduced by around 40 percent through not replacing maturing paper.

[HereWeGo]

Nice timing on the sale of FNM, flu. Holy mackeral.

The NY Times just reported that Fannie and Freddie are headed to conservatorship.

[HereWeGo]

Nice timing on the sale of FNM, flu. Holy mackeral.

The NY Times just reported that Fannie and Freddie are headed to conservatorship.

[HereWeGo]

Nice timing on the sale of FNM, flu. Holy mackeral.

The NY Times just reported that Fannie and Freddie are headed to conservatorship.

[HereWeGo]

Nice timing on the sale of FNM, flu. Holy mackeral.

The NY Times just reported that Fannie and Freddie are headed to conservatorship.

[HereWeGo]

Nice timing on the sale of FNM, flu. Holy mackeral.

The NY Times just reported that Fannie and Freddie are headed to conservatorship.

[temeculaguy]

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html

After hours stock is tanking to the tune of 25%

The deal looks done, we should see it plastered all over the media in the next few days. It hard to believe that 9% of all mortgages are behind.

Fasten your seatbelts, things are going to get a little bumpy.

[temeculaguy]

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html

After hours stock is tanking to the tune of 25%

The deal looks done, we should see it plastered all over the media in the next few days. It hard to believe that 9% of all mortgages are behind.

Fasten your seatbelts, things are going to get a little bumpy.

[temeculaguy]

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html

After hours stock is tanking to the tune of 25%

The deal looks done, we should see it plastered all over the media in the next few days. It hard to believe that 9% of all mortgages are behind.

Fasten your seatbelts, things are going to get a little bumpy.

[temeculaguy]

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html

After hours stock is tanking to the tune of 25%

The deal looks done, we should see it plastered all over the media in the next few days. It hard to believe that 9% of all mortgages are behind.

Fasten your seatbelts, things are going to get a little bumpy.

[temeculaguy]

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html

After hours stock is tanking to the tune of 25%

The deal looks done, we should see it plastered all over the media in the next few days. It hard to believe that 9% of all mortgages are behind.

Fasten your seatbelts, things are going to get a little bumpy.

[temeculaguy]

http://online.wsj.com/article/SB122064650145404781.html?mod=yahoo_hs&ru=yahoo

this story is three minutes old, the cat is beginning to emerge from the proverbial bag.

[temeculaguy]

http://online.wsj.com/article/SB122064650145404781.html?mod=yahoo_hs&ru=yahoo

this story is three minutes old, the cat is beginning to emerge from the proverbial bag.

[temeculaguy]

http://online.wsj.com/article/SB122064650145404781.html?mod=yahoo_hs&ru=yahoo

this story is three minutes old, the cat is beginning to emerge from the proverbial bag.

[temeculaguy]

http://online.wsj.com/article/SB122064650145404781.html?mod=yahoo_hs&ru=yahoo

this story is three minutes old, the cat is beginning to emerge from the proverbial bag.

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