An August Fannie Mae an Freddie Mac Debt Forgiveness Surprise From Obama?

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James Pethokoukis:

Main Street may be about to get it's own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama Administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt if millions of Americans who owe more than what their homes are worth.
Fascinating. I don't think this will help during the November election.

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This page contains a single entry by Jim Zellmer published on August 5, 2010 10:52 AM.

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