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Old 09-09-2009, 08:56 PM
Mike Kennedy's Avatar
Mike Kennedy Mike Kennedy is online now
 
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Exclamation NEW FHFA HEAD DeMARCO LAYS OUT GSE PLANS

New FHFA Head DeMarco Lays out Future Plans for GSEs
Acting Director of the Federal Housing and Finance Agency Edward DeMarco affirmed his predecessor's decision to take government-sponsored enterprises Fannie Mae and Freddie Mac into conservatorship. "We wanted to restore confidence in Fannie and Freddie, we wanted to enhance their ability to remain active participants in the U.S. mortgage market, and we wanted to mitigate systemic risk," DeMarco told CNBC's Diana Olick earlier this month. "I think we have accomplished that objective." > FULL STORY


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Old 09-10-2009, 08:08 AM
Randolph Kinney Randolph Kinney is offline
 
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The GSEs fall into the category of bailout ownership such as GM and Chrysler.

The government recently acknowledged that they will never get paid back the loans or return a on investment in the car companies. With out government assistance, the GSEs and car companies can't exist.
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