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barney frank: Is Barney Frank actually serious? - 03/05/10 07:44 PM
In a Wall Street Journal article today Barney Frank "warns" of a non government backed future for Freddie, and Fannie.  "Rep. Barney Frank has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac." 
Basically, Representative Frank is saying that bondholders of Fannie & Freddie can't expect the government to step in and make good on these bonds.  This is something that I have been complaining about since that day in September 2008 that I look at as the official end of Capitalism.  When the government actually bailed out the mortgage giants, investors got exactly what they … (14 comments)

 
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Ron Brown FHA & VA Home Loan Specialist

Puyallup, WA

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Pinnacle Mortgage Planning

Address: 33915 1st Way S. , suite 100, Federal Way, WA, 98003

Office Phone: (253) 520-0000

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The views, and opinions expressed here represent the personal views, and opinions of Ron Brown. They are not necessarily the views of First Mortgage Company, and should not be construed as being so. They are for informative purposes only, and any persons reading them are encouraged to research there current relevance, and timeliness before taking any action.


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