|
|||||||||
| Banks Banks and banking - high street banks and online banks, personal accounts, and savings accounts. |
![]() |
|
|
Thread Tools |
|
||||
|
Robert, of course they will survive.
The Gubment will simply print more money. That's why it's called "fiat" money..... ![]() Link. Quote:
__________________
Gary Spicuzza, *SAFE Copyright 1956. No Rights Reserved. *Self Appointed Financial Expert |
|
|||
|
Freddie and Fannie can't go belly up. The entire U.S. mortgage market would collapse if they did. That's why the government can't let them fail. If their stock price goes low enough, a bailout is certain.
|
|
|||
|
I agree, according to Reuters, “Fannie Mae and rival Freddie Mac are seen as crucial tools to the Obama administration's housing rescue plan to help lower mortgage costs and prevent foreclosures for as many as nine million homeowners.” In which case, President Obama has a problem, because Fannie Mae just reported a $58 billion loss in 2008, and a spokesman admits:“We expect the market conditions that contributed to our net loss for each quarter of 2008 to continue and possibly worsen in 2009, which is likely to cause further reductions in our net worth.”
|
![]() |
| Thread Tools | |
|
|
| » Boards |
|
General Finance Personal Loans Debt Mortgages Real Estate
Credit Ratings
Credit Cards
Insurance
Banks
Investments
Pensions
|
All times are GMT +1. The time now is 04:04 PM.








