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Fannie/Freddie Done....

Discussion in 'Money & Finance Forum' started by VA49er, Sep 8, 2008.

  1. Sep 8, 2008 at 8:37 AM #1
    VA49er

    VA49er Full Access Member

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    Looks like they've been taken over.
     
  2. Sep 8, 2008 at 8:38 AM #2
    Trace

    Trace Full Access Member

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    yep. 200Billion.
     
  3. Sep 8, 2008 at 9:08 AM #3
    VA49er

    VA49er Full Access Member

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    It's early but I heard on the ride in this morning $25-30Billion in tax payer money. That sucks monkey balls but I guess it's better than those two completly collapsing. If that happend, banks would drastically slow down on doing mortgages since they wouldn't be ablet sell them thus having to keep them on their books. Banks don't like long term assets on their books because of funding issues.
     

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