http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=aGT_xTYzbbQE

Then this is 1.1 Trillion mortgages of bad debt that Fannie and Freddie don't own right?
Because We(The Taxpayer)have already guaranteed all of that right?
So what they are still basically asking us is to consume more of the toxic business deals that they already knew well ahead of time were going to go bad.
As a taxpayer I say stick it up your ass Hank! Just like you and yours stuck it to the people!
Mortgage loans are at a 26 year low. No one is going to buy up this debt except
some rich slumlord bastard or a foreign entity.
Not acceptable!
You get what you want and everybody else still loses.
The dollar devalues even more from the fresh print job and Americans suffer worse
We are all losing our lives because you've devalued the dollar so bad now
Why would we sacrifice more of our people to help the rich out like you!
Go to jail Hank and take Ben and Bush/Co with you.

Ten percent, or $1.1 trillion, of the $11.25 trillion of U.S. mortgages are delinquent or in foreclosure, according to Guy Cecala of Bethesda, Maryland, trade newsletter Inside Mortgage Finance.

``The $700 billion theoretically would be enough to completely pay off about two-thirds of all troubled mortgages in the country,'' Cecala said.