FRE and FNM portfolio caps lifted...

Yes, that's certainly great news. Let them ramp up their balance sheets before the government has to bail them out. They'll also soon be able to buy larger mortgages, up to $700k or so.

You do have to admire the political dexterity of these companies though. They engage in wholesale fraud, their political hack CEOs make a fortune in options, they are at the center of a huge financial crisis, and they manage to use it to justify less control over their business. Brilliant!
 
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