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Federal Home Loan Mortgage Corporation Message Board

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  • rosen62 rosen62 Sep 4, 2011 10:46 PM Flag

    Mortgage Suits May Seal Obama's Election Doom

    The article describes one possible outcome.

    Another reading could be that the housing market is already doomed independently of this suit, not as a consequence of it. So then, the suit could actually be part of a rescue operation of the GSEs to lift up Obama's image in the eyes of future voters. Healthy Fannie and Freddie may mean a large payout to tax-payers, eventually. Described as such, the big picture would entail a *morality* win: banks treated with scorn, wall street punished and tax-payers being rewarded. The opposite of what we see today.

    Obama and De Marco might not be in discord after all. But the Treasury might.

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