Freddie and Fannnie: telling it like it is.

[San Diego Native]

Thanks so much for clearing up my “fawlty” thinking–truly brilliant. Thank God I’ve put all of our millions under a mattress in our La Jolla mansion.

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[cr]

So let’s say the Hanky and Bernanky nationalize Freddie and Fannie. Aside from how they fund it, what does this mean for all the bad loans they own or guarantee?

We’re talking 5 TRILLION dollars here, and even if 5% goes bad (feasible, right? considering housing lost +10% nationally so far) that’s $250 BILLION dollars that what…? Goes to investors holding MBS? Or do they give it to the homeowner to keep paying their loans?

At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?

[bsrsharma]

they would have given their first born to be able to live in America

Stupid people. They should learn from the Mexicans. The way to live here is to have the first born here!

[bsrsharma]

they would have given their first born to be able to live in America

Stupid people. They should learn from the Mexicans. The way to live here is to have the first born here!

[bsrsharma]

they would have given their first born to be able to live in America

Stupid people. They should learn from the Mexicans. The way to live here is to have the first born here!

[bsrsharma]

they would have given their first born to be able to live in America

Stupid people. They should learn from the Mexicans. The way to live here is to have the first born here!

[bsrsharma]

they would have given their first born to be able to live in America

Stupid people. They should learn from the Mexicans. The way to live here is to have the first born here!

[NotCranky]

“At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?”

Insert JWM post here.

Mr. Paulson says the two gse’s must continue in their current form shareholder corporate form. We must wait until Hilobama is in office to officially “Nationalize” them. For now handouts will do. What sarcasm?

[NotCranky]

“At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?”

Insert JWM post here.

Mr. Paulson says the two gse’s must continue in their current form shareholder corporate form. We must wait until Hilobama is in office to officially “Nationalize” them. For now handouts will do. What sarcasm?

[NotCranky]

“At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?”

Insert JWM post here.

Mr. Paulson says the two gse’s must continue in their current form shareholder corporate form. We must wait until Hilobama is in office to officially “Nationalize” them. For now handouts will do. What sarcasm?

[NotCranky]

“At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?”

Insert JWM post here.

Mr. Paulson says the two gse’s must continue in their current form shareholder corporate form. We must wait until Hilobama is in office to officially “Nationalize” them. For now handouts will do. What sarcasm?

[Author]

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