From the Wall Street Journal : The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the next three years stirred controversy over the holiday. … Unlimited access to bailout funds through 2012 was “necessary for preserving the continued strength and stability of the mortgage market,” the Treasury said. … And at UrbanDigs : By the way, did you notice the quiet move the US Treasury made to prop up the GSEs a few days ago – in essence, ” removing the caps that limited the amount of available capital to the companies to $200 billion each “. … Unlimited access to bailout funds through 2012 was “necessary for preserving the continued strength and stability of the mortgage market,” the Treasury said.

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