
First Fannie Mae and
Freddie Mac were seized by the US Government.Â
Then Fannie Mae reports $29 Billion in third quarter losses.Â
Now
Freddie Mac is tapping into some of the $200 Billion set aside to keep these companies liquid because they reported a loss of $25 Billion.Â
And reports are that the $200 Billion was just a number that the government thought sounded big enough to create
confidence in the two GSEs. Turns out that number might be too small.
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