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Freddie and Fannie Freddie and Fannie


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Old 07-11-2008, 02:10 PM
Robert Robert is offline
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Default Freddie and Fannie
Any side bets on their survival?

Cheers, Robert
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Old 07-11-2008, 04:03 PM
rachael24 rachael24 is offline
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Default Re: Freddie and Fannie
What is Freddie and Fannie exactly?
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Old 07-13-2008, 04:29 AM
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GarySpicuzza GarySpicuzza is offline
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Default Re: Freddie and Fannie
Robert, of course they will survive.

The Gubment will simply print more money.

That's why it's called "fiat" money.....

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Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.
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Old 07-13-2008, 12:46 PM
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brian brian is offline
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Default Re: Freddie and Fannie
I doubt we'll see Freddie and Fannie go bust - but god forbid what happens to the other mortgage companies.
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