U.S. government expected to seize Fannie Mae, Freddie Mac
By ersmommy1
@ersmommy1 (12587)
United States
September 6, 2008 3:29pm CST
Fannie Mae and Freddie Mac together hold or back half of the nation's mortgage debt, and have played an increasingly important role in the real estate market since the credit crisis started in August 2007. A government bailout could cost taxpayers around $25 billion. This could be very bad. Anyone else concerned about this?
1 response
@DaddyOfTheRose (2934)
• United States
2 Oct 08
Given how I operate on Mylot, I get messages in my email and try to catch up on them. As such, I am no operating in something of a 'time capsule' mode. It is interesting to look at your post from 4 weeks ago now that I have the hindsight to know about the $700 billion bailout attempt and failure.
:)
