The Freddie and Fannie situation is leading to an inevitable resolution where the Federal government ends up printing over $40 billion to bail these damn things out. What a mess was created...
Article | Submitted Aug 20, 2008 | Views: 7 | Comments: 0
Tags: fannie mae, freddie mac
Alan Greenspan faults the U.S.'s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an "ideal opportunity" to dismantle the mortgage giants. The former Fed chairman...
Panic has set in over Fannie Mae and Freddie Mac. They have taken a necessary hit but is the talk of insolvency justified? Some markets don't think so.
Fortune.com posted an interesting article about some account changes that Fannie has made that helps to hide an increase in non-performing loans. The disclosures sent the stock down almost 5% on...
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