U.S. Considers Remaking Mortgage Giants Fannie Mae & Freddie Mac (Congress, Obama)

[dukester.2]

The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would
strip the mortgage finance giants of hundreds of billions of dollars in troubled loans and create
a new structure to support the home-loan market, government officials said.

The bad debts the firms own would be placed in new government financial institutions -- so-called
bad banks -- that would take responsibility for collecting as much of the outstanding balance as possible.
What would be left would be two healthy financial companies with a clean slate.

U.S. Considers Remaking Mortgage Giants - washingtonpost.com

[HappyTexan]

....and one "bad" bank owned by the American taxpayer.

Bad move IMO. They should get regulations in place before they give these guys a clean blank slate or they might go down the same road they did before.

[Ceece]

Can we at least change their names? I'm not fond of Fannie or Freddie

[HappyTexan]

How's about Bonnie and Clyde ? Seems more appropriate

[texdav]

First they need to do the investigation into both after firing the leads of both.Start by looking at the huge bonuses given by congress to both heads for preformance.