Did Fannie Just Bailout BofA?

Video - Reason Foundation's Anthony Randazzo on the Alyona Show - Sep. 14, 2011

We covered this story last month in detail here:

• Bank Of America's Backdoor Bailout - Dumping Mortgage Trash Onto Taxpayers Via Fannie Mae

Another stealth mini-TARP courtesy of Fannie Mae. It was a liability dump above all else, but Fannie won't disclose details, so we're not sure exactly how deep it extends beyond the $500 million purchase price, though we are certain it was a ripoff for taxpayers, given the fraud to be found within the $73 billion pool of mortgages you are now responsible for.