SeriousBull

Fannie Mae & Freddie Mac: Too Big to Fail!

Tags: Bailout + Economy + Fannie Mae + FNMA + Ginnie Mae + Too big to fail + Treasury

Any day now Treasury will bail out Fannie Mae and perhaps Freddie Mac. Together these quasi-government entities guarantee or own an estimated $12 trillion in US mortgages. They are in other words too big to fail.

July 11, 2008 - Economy, Politics - 1 Comment