U.S. seizes Fannie and Freddie

iVillage Member
Registered: 03-19-2003
U.S. seizes Fannie and Freddie
3
Sun, 09-07-2008 - 8:51pm
U.S. seizes Fannie and Freddie
Treasury chief Paulson unveils historic government takeover of twin mortgage buyers. Top executives are out.

http://money.cnn.com/2008/09/07/news/companies/fannie_freddie/index.htm?postversion=2008090711


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iVillage Member
Registered: 08-25-2008
Sun, 09-07-2008 - 9:22pm
they should have just let them sink.
iVillage Member
Registered: 07-05-2006
Sun, 09-07-2008 - 9:56pm

I don't know much about it, so correct me if I am wrong, but I was under the impression that our whole economy is tied into Fannie and Freddie, and if we let them fail that our whole economy would fail.

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iVillage Member
Registered: 03-19-2003
Mon, 09-08-2008 - 4:30pm
What rescue means for mortgage rates
Bailout of mortgage giants should result in lower mortgage costs and make credit more available. But lending standards will stay tight and risky borrowers will still pay extra fees.