Hot off the Florida Realtors newsletter is this quote from a meeting Obama just had with a bunch of big bankers: “Bill Gross, the managing director for bond giant Pimco, suggested Fannie and Freddie should be formally merged into the government. He also called on the administration to allow millions of homeowners to automatically refinance their loans to help stimulate the economy.”
Others were a bit more coy about it…”A more widely held view at the conference is for the government to do away with Fannie and Freddie, and instead provide a guarantee that mortgage investors get paid even if borrowers default in droves.”
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