tag:blogger.com,1999:blog-6226066128974181132.post1702184250426934006..comments2023-06-08T05:24:02.622-07:00Comments on oldjudgesays: BUY, BUY, BUYThomas E. Brennanhttp://www.blogger.com/profile/04074239891233597277noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6226066128974181132.post-69409351234163780522010-11-09T12:21:13.217-08:002010-11-09T12:21:13.217-08:00The only thing that probably can be done, aside fr...The only thing that probably can be done, aside from the flurry of work about to be accomplished in the Lame Duck session from Nov 15 through December 23rd, is to do something about underwater mortgages.<br /><br />I predict (as well as advocate) that the Fed will buy Freddie and Fannie, which were bought under fairly broad TARP authority, and will do mortgage modifications on the underwater loans they already hold and those in Freddie and Fannie. The VA and FHA could do the same thing, or could sell to the Fed as well. The Federal Reserve could then do IPOs to reestablished regional GSEs in each bank region to defray some of their costs, if not all of them.Michael Bindnerhttps://www.blogger.com/profile/14641558851307380955noreply@blogger.com