On September 7, the U.S. Treasury took control of failing mortgage companies Freddie Mac and Fannie Mae. In addition to taking over the operation of the two companies, the Government has committed up to 200 billion dollars to keep the companies in working order. read what these companies do and what this news means.
Continue reading...Friday, July 18, 2008
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?
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Tuesday, September 16, 2008
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