Wednesday, August 20, 2008

Freddie and Fannie Gonna Need a Taxpayer Wipe

"Funding uncertain for Fannie, Freddie; Possible government bailout a wild card" by Associated Press | August 20, 2008

NEW YORK - As mortgage financiers Fannie Mae and Freddie Mac struggle with continuing credit losses, their ability to raise needed capital is uncertain and, analysts say, is complicated by the possibility of a government bailout of the companies.

After they told us they wouldn't need one.

Yeah, I am tired of the lying, how did you guess?

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