Freddies Fannie...

[BOSS]

Ok, so the mortgage issue continues to raise it's ugly head...

Freddy and Fannie Mac have both been guaranteed bail outs by the US govt... is this good or bad? Both companies stock fell about 80% so far...

Together these two companies account for 50% of the bad debt in the mortgage industry...

How far, or how many times can the government bail out bad lenders?

No answers here...only questions.

 

[crazy daisy]

These are unprecedented and scary times. Did we not think that our greediness and pride would catch up with us? Did those mortgage companies think that they could continue to dupe people and get away with it? Did we Americans really think we could afford those huge homes with outrageous payments? (along with our SUV payments, boat payments, house on the lake payments etc) We knew it was too good to be true...and it was. This is truly a sad, sad time for America.