News sources are reporting that Fannie Mae and Freddie Mac earned record profits in the first quarter, prompting some experts to say that these profits may be used to halt raising the federal debt ceiling. Gordon Gerson of Gerson Law Firm here tells GlobeSt.com that he agrees this could be the unanticipated outcome—unanticipated because of how much scrutiny and criticism the GSEs have undergone recently. Read the full article from GlobeSt.com by following this link: http://www.globest.com/news/12_604/sandiego/multifamily/Can-the-GSEs-Solve-the-Debt-Crisis-333258.html?ET=globest:e38532:#field2#a:&st=email&s=&cmp=gst:National_AM_20130514:editorial
CAN THE GSES REDUCE FED DEBT PRESSURE?
May 18, 2013
Posted in: Alerts