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MacRescue?

Started by papavaf
almost 18 years ago
Posts: 33
Member since: Jun 2008
Discussion about
http://www.nytimes.com/2008/07/14/washington/14fannieweb.html?hp Any thoughts?
Response by dco
almost 18 years ago
Posts: 1319
Member since: Mar 2008

The Fed bailing out the Macs does nothing to solve the bigger problem. If anything it reiterates the problems that are in a spiral downward.

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Response by ap307
almost 18 years ago
Posts: 62
Member since: May 2008

Strengthening the implicit government guarantee of Freddie / Fannie bonds will:

1) help keep their borrowing costs low
2) keep mortage rates low
3) marginally reduce the risk of forclosure and allow people to carry larger mortgage than they could otherwise

It will not solve the broader ill, but this will help with the symptoms and provie some support to prices.

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