Posted by: bhairee July 10, 2008
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Samsara,
if what you are saying is true in action. It is really big. 50 percent of all mortgage loans via banks are loaned by Freddie and Fannie.
If congress owned these companies go down the drain, the housing market will have no chance of survival.
Wall St would want to find out "what next."
This is a very, very grave situation. More than what I can write in words.
I am having my fingers crossed to see how this story unfolds in next few trading days.
Best!
Bri
if what you are saying is true in action. It is really big. 50 percent of all mortgage loans via banks are loaned by Freddie and Fannie.
If congress owned these companies go down the drain, the housing market will have no chance of survival.
Wall St would want to find out "what next."
This is a very, very grave situation. More than what I can write in words.
I am having my fingers crossed to see how this story unfolds in next few trading days.
Best!
Bri