TARP is alive and well, but you might not have noticed. Yesterday's news that Fannie Mae (OTCQB:FNMA) paid Bank of America (NYSE:BAC) $500M for servicing rights to a bunch of bad loans is "back-door TARP," Abigail Field writes. After seeking its own $5.1B infusion just last week, where did Fannie Mae get the money to do BofA the favor of buying those rights?
TARP is alive and well, but you might not have noticed. Yesterday's news that Fannie Mae...
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| Symbol | Last Price | % Chg |
|---|---|---|
| FNMA | - | - |
| Federal National Mortgage Association | ||