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Same Odds as Flipping a Coin!!!!!

A

Anonymous

Guest
Fannie, Freddie Could Cost You $25 Billion

Tuesday, July 22, 2008 11:00 AM

WASHINGTON -- A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress' top budget analyst said Tuesday.


But Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there's a better than 50 percent chance the government will not have to step in to prop up the companies by lending them money or buying stock.
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Treasury Secretary Henry M. Paulson, who has been pressing for the power, says it's intended as a backup plan to help calm investors and stabilize financial markets.

http://moneynews.newsmax.com/streettalk/fannie_freddie_cost/2008/07/22/115114.html
 

Sandhusker

Well-known member
I say we make the loan with the following covenents;
1) All upper management is dismissed with no bonuses, stock options, etc.... they leave tomorrow and receive not a red cent more.
2) A security interest is taken on all assets
3) A LOAN will be made with a 5% origination fee and a variable rate of Prime + 5.

I'll probably think of some more...
 
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