Social eCommerce Marketing and Local Search Engine Optimization » mortgage companies http://semwinners.com SEMwinners.com - Improve Your Online Presence, Dominate Your Niche Market, Crush Your Competition, Get More Business. Sat, 17 Sep 2011 09:42:46 +0000 en hourly 1 Just another WordPress weblog No No 5 Trillion Mortgage Linked Securities Crisis http://semwinners.com/327/5-trillion-mortgage-linked-securities-crisis/2010/03/ http://semwinners.com/327/5-trillion-mortgage-linked-securities-crisis/2010/03/#comments Tue, 09 Mar 2010 14:35:59 +0000 SEO Services - Admin http://semwinners.com/?p=327 The NYPost.com says Powerful lawmaker Barney Frank "had to pull his foot out of his mouth yesterday".
The Massachusetts Congressman rattled investors when he said the US Treasury won't be responsible for bailing out investors holding the more than $5 trillion of mortgage-linked securities issued by Fannie Mae and Freddie Mac – the ailing mortgage companies at the center of the junk mortgage crisis.
"Please don't think this [debt] is federally guaranteed, I don't think it is, I don't think it should be, I don't feel any obligation to bail you out," he said. In a restructuring of the firms, investors could expect a "whole range of options. . . from [being paid] nothing to a haircut to whatever."

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