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.
Read this next.
Previous PostAdvice to a Young Market Participant