http://www.bloomberg.com/apps/news?pid=20601109&sid=an3k2rZMNgDw&refer=home thing is... why do ppl need to borrow at all mewonders??
i notice hoq is doing alright - paulson must be buying his toner and printers from them to print the money...
It's about time that Paulson finally implements a policy that will allow the likes of Fannie and Freddie to borrow money at lower rates. After "nationalizing" these two entities the Treasury failed to explicitly guarantee them. As a result, they couldn't compete with others for market rates. This has been going on for weeks now, until today when the Treasury announced that they would FINALLY be purchasing mortgage-backed securities. As a result of today's actions, mortgage rates have dropped an incredible 1/2 point. It's about time!!!