Daily show hosts Frank Garay and Brian Stevens explain why the unwinding of Fannie or Freddie is virtually impossible. New senator proposal is a joke.
Just read the FHFA's strategy that was send to Congress last Feb. 21, 2012 and it clearly indicate that these two cannot be cease to exists because of the role that they play in the housing. This is nothing new and there is no such private corporation that can handle a $100 billion a month worth of transactions. There is also an exit strategy in place or Work in progress and the two GSEs will be public again....
Long : FNMA
Right you are!
Just read Philip van Doorn's "Fannie and Freddie Still Have Enormous Potential" in STREET, today and you will see how this thing will eventually play out.
The best written opinion on the subject to date!!!
WAMU who? Never heard of it...just kidding. WAMU is not in the same league of F&F based on size. WAMU is a little tiny ant comparing to a cricket size F&F; that is why government don't even bother to help it out during the crisis 2008. I believe that it filed bk.