The Undollar Digest

Ignoring the Elephant in the Bailout

Gretchen Morgenson, http://dealbook.blogs.nytimes.com, 05/10/2010
Mr. Baker’s concern that Freddie may be racking up losses by overpaying for mortgages derives from his suspicion that the government might be encouraging it to do so as a way to bolster the operations of mortgage lenders….That would make Fannie’s and Freddie’s mortgage-buying yet another backdoor bailout of the nation’s [...]


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