Print Page - We are now Owners of Fannie Mae and Freddie Mac

Title: We are now Owners of Fannie Mae and Freddie Mac
Post by: dnalexander on September 07, 2008, 06:18:27 PM

We just became non-voting owners of Fannie Mae and Freddie Mac. I know we wont be silent partners.

Reuters Business Summary

Reuters
Saturday, September 6, 2008; 11:24 PM

Government plan for Fannie, Freddie to hit shareholders

WASHINGTON (Reuters) - The U.S. government plans to take over Fannie Mae (FNM.N) and Freddie Mac (FRE.N) and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. The move to take control of the two companies, expected to be announced on Sunday, could amount to the largest financial bailout in the nation's history, and is a bid to ward off further damage to a housing market in its deepest downturn since the Great Depression.

Title: Re: We are now Owners of Fannie Mae and Freddie Mac
Post by: sixdogsmom on September 07, 2008, 06:56:19 PM

I am certainly excited! :P :P :P

Title: Re: We are now Owners of Fannie Mae and Freddie Mac
Post by: Warph on September 08, 2008, 01:41:47 AM

Since the great depression... I thought we were still in it.
Yep! Can hardly wait to turn my pockets inside out to help pay for them. >:( >:( >:(

Title: Re: We are now Owners of Fannie Mae and Freddie Mac
Post by: Diane Amberg on September 08, 2008, 09:27:29 AM

I wonder how many golden parachutes we'll see now.

Elk County Forum

General Category => Politics => Topic started by: dnalexander on September 07, 2008, 06:18:27 PM