Perhaps this old Doom friend could have chosen a better graphic on the 20th anniversary of Westray
BL/BW (5/9 ’12): “Housing Bottom? Fannie Mae Won’t Seek Tax Dollars”
Evidence is mounting that U.S. home prices are finally hitting bottom, and now comes the best news yet: Fannie Mae says that for the first time since 2008, it won’t need money from the Treasury Department to balance its books.
The last time we checked the Fed was holding just south of $848 billion of MBS. Brothers and sisters, this thing has a long way to go.