Friday, March 7, 2008

High end going higher

"The Economic Stimulus Act of 2008 seeks to boost the economy by raising the number of Freddie Mac and Fannie Mae-backed mortgages in pricey areas." Matt Woolsey, Forbes

News blurb.
Washington Post, United States - 4 hours ago
The devaluation of Carlyle's holdings in AAA-rated home-mortgage-backed bonds from Fannie Mae and Freddie Mac reflects the spreading turmoil in the capital ...

If they make everything more expensive, it will all be better.

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