Feds assume control of Fannie Mae and Freddie Mac
September 7, 2008
The Feds have now assumed control of Fannie Mae and Freddie Mac in their efforts to prevent mortgage (and economic) turmoil. The executives for both of those mortgage companies have been replaced. Any negative downside experienced by either of these 2 institutions would definitely have a tremendous negative impact on the entire American economy – and would only further exacerbate the ongoing real estate slow down and mortgage crisis that is being felt throughout the country.
Dead Snow movie full Soldier’s Girl psp
Comments
One Response to “Feds assume control of Fannie Mae and Freddie Mac”
Got something to say?
Polls
Loading ...
I reckon that it is all well and good that the two mortgage giants are being bailed out but couldn’t it have been done without sacrificing shareholders? Shareholders were unsuspecting of these coming events by the Fed. There was no warning whatsoever. I think it even took the two mortgage giants by surprise/maybe. There was nothing to warn investors of the impending doom that was dropped on them after MARKET CLOSE ON THE 5th OF SEPTEMBER, 2008. Talk about stealing. Is this how the big fancy boys from wall street do it. They do it with a suit and tie and an attache case. Whow. I don’t know who I have less respect for, these guys or actual bandits with guns going into banks and robbing them. I fail to see the difference. Fannie Mae and Freddie Mac showed no indication they were heading for trouble. Actually both of their stocks were up at the close of markets last Friday. But for the government to come in and rip off the investor-that’s pretty low. But when your the supreme law of the land, what is one to do. I think it should be called what it would have been called several years ago/bankruptcy. Now they have a new-fangled word-CONSERVATORSHIP. They have a euphemism for everything now you know. Of course the governments timing of this event worked out well for them and against the investor. The government knew all along how they were going to handle this mess. Wait until after the stock market closes on Friday and do the deal over the weakend and spring it on the investors before opening bell on Monday morning, before the investor can close out their stocks.