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Fannie Mae, Freddie Mac: Impeccable Twist of Fate/Strange Bedfellows

Value Walk, By Tim Howard 

Two letters to the editor today taking on John Carneys recent Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) hatchet piece in the WSJ promising. Before we get into them, I have to comment first on the peculiar headline that preceded the letters. “The legal question with the Treasure, Fannie Mae and Freddie Mac involves the rule of law and a willingness to honor contracts.”

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