Late with the barn doors

In a classic example of closing the barn doors when the horses are already out...

Fannie Mae: Books $5.35 billion in credit-costs, to Halt Alt-A

Halting Alt-A loans was a great idea...5 years ago. Now, there is enough toxic waste to do the dirty work of tanking these companies. Too little, too late as the tax payer dollars needed for the bailout continue to mount.