New Plan for Freddie / Fannie

July 16, 2008

found this fantastic video by reading this post in Noah Rosenblatt’s Urban Diggs blog (great blog about NYC real estate that I read quite a bit). Bill Ackman is proposing a new plan to solve the Freddy / Fannie problem and bring liquidity back to the market. This solution is not via a government bailout, but rather proposes a balance sheet restructuring (basically converting their debt to equity, in order to affect the crazy D/E ratio – currently at 129:1 – Yikes!!!).  I am not going to rehash Noah’s post and the video – they both do a great job explaining it. Check it out!

Video: http://www.cnbc.com/id/15840232?video=793726867

Entry Filed under: General Real Estate, Mortgages, tough real estate market. Tags: , , , , , .

1 Comment Add your own

  • 1. RonOrr.com  |  July 23, 2008 at 2:25 am

    129:1 ratio that’s crazy, yes they need a solution
    Hopefully they come up with a solution soon.

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