The US Government takes over Freddie and Fannie - Assumes $6 Billion in Debt
Looks like it is finally happening - The US Government is taking over Freddie and Fannie and nearly $6 billion in debts.
Apparently, Morgan Stanley was about to issue a report says (now hold your breath) that both Freddi and Fannie had over stated assets on their accounting records and have less reserves that people thought - rumors were spreading and they had to do something before Monday or there would be a panic
Should be interesting on Monday
See Bloomberg story at http://www.bloomberg.com/apps/news?pid=20601087&sid=aehgn34fooGc&refer=home
Love to hear your comments
Very useful information, thanks
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Who's country is this anyway?
Have we all lost our minds?
The very people fighting against Capitalism are the ones who will sell themselves into slavery, ie: Golden Handcuff's on Media Faces.
I am looking for others willing to dig in and be honorable children of our fathers.
Hold your course.
America you have a choice, let us show them how it is done.
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