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Indy Coug · 07-15-2008, 04:15 PM

The government pumping money into Fannie and Freddie is a PR move to show the government is backing their financial obligations, which was the underlying assumption all along when these mortgage securities were rated AAA.

07-15-2008, 04:15 PM	#3
Indy Coug Senior Member Join Date: Jan 2006 Location: Between Iraq and a hard place Posts: 7,569	The government pumping money into Fannie and Freddie is a PR move to show the government is backing their financial obligations, which was the underlying assumption all along when these mortgage securities were rated AAA.