Treasury Secretary Henry Paulson has some tough decisions to make........uh, scratch that, he has some easy decisions to make and its about time they are made. For years Fannie and Freddie have run wild and are a major contributor to our current mortgage and housing mess, its to clean this thing up. Management at both need to be fired and the orderly resolution of these entities needs to be arranged.
You're going to be hearing a lot about these entities in the coming weeks and months.
Scott Dauenhauer, CFP, MSFP, AIF