Fannie Mae Needs Another Bailout

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

mishtalk.com / Mike “Mish” Shedlock / February 20, 2016 9:00:54

Surprise, Surprise, Surprise, Not

Fannie Mae guarantees $3 trillion in mortgages. It has been bailed out once already.

Nonetheless, Fannie Mae’s capital buffer has dwindled from $30 billion to $1.8 billion. This happened in spite of a massive rally in home prices.

I have a simple question: What happens if home prices go down again?

Another Taxpayer Sponsored Bailout Coming Up

Please consider Fannie Mae at Risk of Needing Another Bailout.

Fannie Mae’s chief executive and its regulator are sounding the alarm on a decline in the institution’s capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds.

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