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New Sometimes $700 billion just isn't enough...
http://www.marketwatch.com/news/story/fannie-freddie-told-buy-40/story.aspx?guid={E12BEB1C-85D5-4B43-91CD-B6A4AB87F630}

"Federal regulators have ordered Fannie Mae and Freddie Mac to start buying $40 billion of troubled mortgage bonds each month as the U.S. government tries to revive the economy, according to a published report."

[...]

"The purchases would be separate from the U.S. Treasury's $700 billion bailout plan, which was signed into law earlier this month, Bloomberg noted."

more in the article...

$40 billion EACH month! Yikes!
New ./me waves hand I have a troubled mortgage bond...
if lemmy and god had a wrestling match who would win?
     Sometimes $700 billion just isn't enough... - (dmcarls) - (1)
         ./me waves hand I have a troubled mortgage bond... -NT - (boxley)

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