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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Incitatus who wrote (67438)8/10/2007 9:37:07 PM
From: Yulya  Respond to of 116555
 
Associated Press
Government Rejects Easing Limits
By MARCY GORDON 08.10.07, 6:03 PM ET

WASHINGTON - The government on Friday said it will not ease investment limits on home-loan finance giants Fannie Mae and Freddie Mac. The companies had argued that allowing them to take on more debt would help pump cash into the struggling mortgage market.

The announcement by the Office of Federal Housing Enterprise Oversight came at the end of a week of speculation that the regulators would allow the government-sponsored companies a wider investment berth. The companies' shares had soared on Wall Street in an otherwise skidding market.

forbes.com



To: Incitatus who wrote (67438)8/11/2007 12:56:02 AM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
That is possible but I doubt it.
Then again I'm not sure anyone knows what the next twist is.
But we are following the same path as Japan in refusing to write off bad debt.

Mish