[Marxism] The saga of freddie and fannie continues...
mikedf at amnh.org
Fri Jul 11 13:23:33 MDT 2008
U.S. Weighs Takeover of Two Mortgage Giants
By STEPHEN LABATON and STEVEN R. WEISMAN
Under the plan, shares of Fannie Mae and Freddie Mac would
be worth little or nothing, and any losses on mortgages
they own or guarantee would be paid by taxpayers.
Fannie and Freddie Shares Plummet by Nearly Half
Fannie Mae and Freddie Mac shares were down nearly 50 percent
in early trading as investors worried that the companies will
suffer larger losses and default on debt.
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