Fannie and Freddie in danger by SignyM

REAL WORLD EVENT DISCUSSIONS

Fannie and Freddie in danger

POSTED BY: SIGNYM
UPDATED: Saturday, July 12, 2008 02:26
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VIEWED: 1365
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Friday, July 11, 2008 7:58 AM

I believe in solving problems, not sharing them.

See, Chris, you're almost prophetic...

Quote:
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.

http://money.cnn.com/2008/07/11/news/companies/fannie_freddie_shares/i
ndex.htm?cnn=yes

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Let's party like it's 1929.

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Friday, July 11, 2008 8:09 AM

KHYRON

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This isn't my signature. I have to type this every time I make a post.

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Saturday, July 12, 2008 2:11 AM

PARTICIPANT

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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Saturday, July 12, 2008 2:26 AM

RIVERLOVE

Don't you know these financial problems are just a fig newton of your imagination?

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