US Government Seizes Mortgage Giants
September 07, 2008 at 20:04 PM EDT
The existence of the mortgage finance companies: Fannie Mae (FNM) and Freddie Mac (FRE), which own and guarantee $5.4 trillion in outstanding home mortgage debt, as of today, according to the WSJ - is in the hands of the US Government who seized control of both mortgage giants as of Sunday morning. Clearly, the effects of [...]
