Fannie and Freddie in danger
POSTED BY: SignyM
UPDATED: Saturday, July 12, 2008 12:26
VIEWED: 1376
PAGE 1 of 1
See, Chris, you're almost prophetic...
Quote:http://money.cnn.com/2008/07/11/news/companies/fannie_freddie_shares/i
The anxiety over Fannie Mae and Freddie Mac, crucial to a recovery of the battered housing market and the economy as a whole, reached fever pitch on Friday as shares plunged on speculation of a looming bailout.
Immediately after the markets opened, shares of Fannie (FNM, Fortune 500) and Freddie (FRE, Fortune 500) fell more than 47% from their already battered closing price the day before. They soon rebounded later in the morning but Fannie shares were still down about 24% and Freddie shares were off 22% in early afternoon trading.
ndex.htm?cnn=yes
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Let's party like it's 1929.
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This isn't my signature. I have to type this every time I make a post.
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The Bank will get bailed out
its too big and too inter connected
because this administration can not afford to see the dollar collapse
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