Comments on: Market Update – February 26, 2010 http://leedsonfinance.com/2010/02/25/market-update-%e2%80%93-february-26-2010/ Sandy Leeds' Analysis of Key Market Issues Wed, 24 Mar 2010 14:35:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Henry http://leedsonfinance.com/2010/02/25/market-update-%e2%80%93-february-26-2010/comment-page-1/#comment-7204 Henry Sat, 27 Feb 2010 18:35:00 +0000 http://leedsonfinance.com/?p=1432#comment-7204 Prof Leeds, Im an MPA student and have never been a student of yours but have enjoyed your blog over the past 12 months. Can you please explain to me in some 'dumbed down' fashion Fannie and Freddie's business model and how they continue to lose tens of billions of dollars of taxpayer money. Also, at what point do we walk away from these GSE's and say enough is enough? It's one thing to give a one-time lump sum to say GM or JPM but am I out of line to be troubled that we pump 5-10 billion a quarter into these black holes? Henry Prof Leeds,
Im an MPA student and have never been a student of yours but have enjoyed your blog over the past 12 months. Can you please explain to me in some ‘dumbed down’ fashion Fannie and Freddie’s business model and how they continue to lose tens of billions of dollars of taxpayer money. Also, at what point do we walk away from these GSE’s and say enough is enough? It’s one thing to give a one-time lump sum to say GM or JPM but am I out of line to be troubled that we pump 5-10 billion a quarter into these black holes?

Henry

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