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Us Govt. Just Announced They Are Taking Over Fannieand Freddie

Mattchu9999

By Mattchu9999
in General Topics

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Mattchu9999 Senior Member

Mattchu9999

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Posted

Well this is great!!

Federalizing financial institutions!!!

One step close to a totalitarian regime!!

U.S. to take control of Fannie and Freddie: reports WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history. The two government sponsored enterprises (GSEs) own or guarantee almost half of the country's $12 trillion in outstanding home mortgage debt.

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