Fannie and Freddie having "issues"

[Crunch Hardtack]

Link: http://www.cnbc.com/id/25573566

Excerpt: "They're the largest leveraged owners of mortgages out there, and that's not a good position to be in right now." Greater-than-expected losses and share declines at Freddie Mac would make it more difficult for the McLean, Virginia-based company to raise capital it needs to continue its business of buying and guaranteeing a huge chunk of U.S. mortgages, said James McGlynn, a portfolio manager at Summit Investment Partners in Southlake, Texas. "


So, things just be humming right along...................

 

[Karl]

Check the stock by weeks end. Think indy Mac was news, wait see Country wides news coming soon!! Then watch Freddie & Fannie This is going to get good once we start talking real money!!

 

[Terrel L. Shields]

Freddy and Fannie will take big hit. U. S. Gov will bail them out.... They are getting to the Point of No Return on banks like Indymac and Wamu. They won't come clean on their exposure. Their stock will continue to fall and we are unlikely to see bottom before 2009...

Uncle Sam is going to have to pick and choose who lives and who dies. They sold off Bear Sterns...ironically, it was BS that coughed up $3 plus BILLION they didn't have to save the Fed years ago...