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U.S. Government to take over Fannie and Freddy

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posted on Sep, 6 2008 @ 03:21 AM
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U.S. Government to take over Fannie and Freddy


www.washingtonpost.com

WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history. The two government sponsored enterprises (GSEs) own or guarantee almost half of the country's $12 trillion in outstanding home mortgage debt.
(visit the link for the full news article)




posted on Sep, 6 2008 @ 03:21 AM
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A ba deee aba deee aba deee "Thats all folks!"


The next step in a totalitarian, fascist country is federalizing of financial instutitons.

I pose this question..... if these companies couldn't survive as private companies, do you think they will be run any better by the U. S. Govt?

www.washingtonpost.com
(visit the link for the full news article)



posted on Sep, 6 2008 @ 05:38 AM
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when they say Freddie & Fannie will be helped in a 'creative' way...(to be announced over the weekend no less...)


i'm looking more towards the Federal Reserve micro-managing those GSE mortgage insurers.


Congress and the Treasury could pony up more than $850 Billion in seed-money to start...
then the Fed will effectively slide another $750 Billion
in 'liquidity' (Treasury bonds) to the two mortgage lenders
in a quiet type of way without open disclosure to the public.
? why would they do that? --- so the USD keeps most of the gains it has recently had... a disclosure of another combined $1.5 Trillion $$ bailout
would make the USD less trustworthy & valuable in the eyes of the global community.
!



still more, stealth, non-business hours announcements, so as to avoid stock market whiplash !



posted on Sep, 6 2008 @ 06:58 AM
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