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RhetoricalRebel

Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds

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 RhetoricalRebel    1,815

Fannie Mae and Freddie Mac could need a taxpayer bailout of as much as $99.6 billion if a severe economic downturn gripped the U.S., their regulator said Monday.

The Federal Housing Finance Agency released the results of a stress test that examined how the mortgage finance companies would perform in what’s called a “severely adverse scenario.” The stress test was mandated by the post-financial-crisis Dodd-Frank Act and the specifics of the scenario were devised by the Federal Reserve.

The test found that Fannie FNMA, +2.61%   and Freddie FMCC, +3.16%   together would require between $34.8 and $99.6 billion, FHFA said. That’s an improvement from last year, when FHFA said the enterprises would need $125.8 billion.

http://www.marketwatch.com/story/fannie-and-freddie-could-need-100-billion-bailout-in-next-crisis-stress-test-finds-2017-08-07

 

Another domino falls in place.

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 Cinnamon    24,545
13 minutes ago, RhetoricalRebel said:

Fannie Mae and Freddie Mac could need a taxpayer bailout of as much as $99.6 billion if a severe economic downturn gripped the U.S., their regulator said Monday.

The Federal Housing Finance Agency released the results of a stress test that examined how the mortgage finance companies would perform in what’s called a “severely adverse scenario.” The stress test was mandated by the post-financial-crisis Dodd-Frank Act and the specifics of the scenario were devised by the Federal Reserve.

The test found that Fannie FNMA, +2.61%   and Freddie FMCC, +3.16%   together would require between $34.8 and $99.6 billion, FHFA said. That’s an improvement from last year, when FHFA said the enterprises would need $125.8 billion.

http://www.marketwatch.com/story/fannie-and-freddie-could-need-100-billion-bailout-in-next-crisis-stress-test-finds-2017-08-07

 

Another domino falls in place.

How many missiles is that? lol

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