Saturday, December 26, 2009

Treasury removes cap for Fannie and Freddie aid

Infinite QE under the policy of "too big to fail."

"The companies are nowhere close to using the $400 billion they had before, so why do this now?" said Bert Ely, a banking consultant in Alexandria, Va. "It's possible we may see some horrendous numbers for the fourth quarter and, thus 2009, and Treasury wants to calm the markets."

Source: http://news.yahoo.com/s/ap/20091225/ap_on_bi_ge/us_mortgage_giants_ceos

0 comments:

Post a Comment