Monday, September 8, 2008

Flotation Device for Fannie and Freddie


The big news today is the government bail out of Fannie Mae and Freddy Mac.  The move prompts us to think about the tax implications since it is tax payer financed.  Early indications are that interest rates will drop, which should stimulate new purchases.  However, there are certainly more questions than answers regarding the potential impact of the move.

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