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Not a Crisis After All: Freddie and Fannie Stock Spring Back

Fri, Jul 18, 2008

Hawaii Real Estate Trends

Not a Crisis After All: Freddie and Fannie Stock Spring Back

Just Tuesday, it was the end of the world. Now according to a July 17, 2008 CNN Money article it’s

“the futures for the two companies aren’t as dire as first thought.”

Gee, you think so?

Evidently the stock for these two “dead” companies soared recently after it became apparent that they weren’t going anywhere. Perhaps the report of their death was greatly exaggerated. So what about the thousands of words written about how bad things are, and all of the conclusions made based on those words of doom and gloom? What do we do now? Oh, so sorry! We don’t even get that. The media blows something entirely out of proportion, then makes an almost-joke of saying that it wasn’t really that bad.

Is there any accountability anywhere in the media? Maybe the next time we get an ‘end of the world’ article we can look at it with a little more critical eye.

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This post was written by:

Carl - who has written 22 posts on Hawaii Real Estate Reporter.


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2 Comments For This Post

  1. Keahi Pelayo Says:

    Can we say “the sky was falling”!
    Aloha,
    Keahi

  2. Mario Boulder, CO Says:

    Yes the sky has fallen but in Hawaii who cares- the weather and people are great and property is just going to get affordable again!

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