U.S. Government Now 96.5% of the Mortgage Market Q1, 2010
May 7th, 2010Via: Smirking Chimp:
“Let nobody try and fool nobody else anymore. Fannie and Freddie have nothing to do with the less privileged: they are the ultimate tools for Washington to keep Wall Street alive.”
“Not only would significantly lower home values put severe strains on the major banks’ balance sheets, they would also implode and destruct what Mortgage Backed Securities and various other housing related derivatives can be put on the books for.”
