tag:blogger.com,1999:blog-6417577.post2986677696838000171..comments2023-11-03T07:01:42.012-06:00Comments on The Underview: Answering Financial Crisis SlanderMatt J Stannardhttp://www.blogger.com/profile/16236787482565862733noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6417577.post-83206789661977122772008-10-01T14:10:00.000-06:002008-10-01T14:10:00.000-06:00Brian Wesbury, in an item in today's WSJ, indirect...Brian Wesbury, in an item in today's WSJ, indirectly rebuts the claim you've identified ( http://tinyurl.com/4l85h2 ), saying, "Here's something you won't believe: Fannie Mae and Freddie Mac have not drawn a dime from the Treasury's $200 billion facility that was created to bail them out. It was the use of mark-to-market accounting that allowed Treasury to declare them bankrupt. On a cash flow basis, they were solvent." Overall, the loans were <I>performing</I>. If that's true, clearly the mortgagors (poor, minority, or whatever) aren't the primary problem.Anonymousnoreply@blogger.com