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Thread: How To Make A Bad Mistake Worse (FNM/FRE)

Started 4 months, 1 week ago by nlightn
How To Make A Bad Mistake Worse (FNM/FRE) Karl Denninger August 6. 2009 It has been reported that the administration is mulling over splitting Fannie and Freddie into a "good bank/bad bank" structure, or otherwise "taking" the bad part of their book onto the government directly (rather than implicitly): The bad debts the firms own would be placed in new government-backed financial institutions --...
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