Barney Frank said what on FNM/FRE?

Just a headline but with respect to FNM/FRE, Barney Frank said a “whole range” of options are available for them and investors could take a haircut. HUH! He went on to say FNM/FRE debtholders shouldn’t assume guarantee. What is this guy saying? Amazing, and I wish I had more details. This is truly a shocking thing for FNM/FRE debtholders who have believed, even more fiercely over the past year, that they are guaranteed by the US government.

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