Fannie Mae & Freddie Mac Given Another Line of Credit!?!

Fannie Mae & Freddie Mac Given Another Line of Credit!?! And over the Christmas holiday thinking nobody would notice. This White House is the USA’s version of Hugo Chavez. Who are these people?!? See quote:

“What reason would the White House need to lift the caps, anyway?  Of the $400 billion authorized by the previous bailout, Treasury has only used $111 billion of it, almost evenly split between Fannie Mae ($60 billion) and Freddie Mac ($51 billion).  The WSJ quotes an analyst from Credit Suisse as saying that the larger lending market would find the expansion of the Treasury commitment “reassuring,” but having almost $300 billion left in a line of credit should be pretty darned reassuring on its own.   And if a larger commitment was needed, the White House could have set a new limit rather than uncap it altogether.”

Ed Morrissey

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