vanyali

Fannie Mae: 'Business As Usual'

Fannie & Freddie weren't broke. Citi, Merrill & Goldman all said so in August, and Paulson and Barney Frank both said so during the takeover. Paulson said thought that there was some danger that they *might* go broke in the future *if* market conditions continued to worsen *and* market participants decided to stop lending to them. This isn't a bankruptcy reorganization, it's a power grab by the feds.