I usually don’t just blindly link to news items. I figure that if you’re interested in the story and aware enough to be a part of the blogging arena, you’ve probably already seen it — but this is a story that’s been floating around since Tuesday and I haven’t seen it even mentioned anywhere else. This is absolutely unbelievable and no one is talking about it.

Fannie and Freddie began notifying bond traders last week that each company needs to buy $20 billion a month in mostly subprime, Alt-A and non-performing prime mortgage securities [...] The purchases would be separate from the U.S. Treasury’s $700 billion Troubled Asset Relief Program.

Read the whole story here: http://www.bloomberg.com/apps/news?pid=20601109&sid=avRPqkHu4YHE

Spread the word.