http://www.creditinfocenter.com/wordpress/2008/11/25/merry-christmas-fannie-and-freddie-announce-holiday-foreclosure-suspension/ For the Up To Date News Fri, 20 Nov 2009 15:08:53 -0700 http://wordpress.org/?v=abc hourly 1 http://www.creditinfocenter.com/wordpress/2008/11/25/merry-christmas-fannie-and-freddie-announce-holiday-foreclosure-suspension/comment-page-1/#comment-1286 Jason Tue, 25 Nov 2008 19:36:11 +0000 http://www.creditinfocenter.com/wordpress/2008/11/25/merry-christmas-fannie-and-freddie-announce-holiday-foreclosure-suspension/#comment-1286 With the Treasury Secretary on his spending spree he surely isn’t trying to get a good return on the tax payers’ investment. The bailout was to buy up bad mortgage debt but it never did. What is the purpose of the fund? Paulson’s has warrants on many banks and they average 1 – 3 percent when enacted. Yet the cash investment is about 20 percent of the market cap. Maybe the next Treasury Secretary will be less erratic. With the Treasury Secretary on his spending spree he surely isn’t trying to get a good return on the tax payers’ investment. The bailout was to buy up bad mortgage debt but it never did. What is the purpose of the fund? Paulson’s has warrants on many banks and they average 1 – 3 percent when enacted. Yet the cash investment is about 20 percent of the market cap. Maybe the next Treasury Secretary will be less erratic.

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