Monday, September 08, 2008

HERE IT COMES - Fannie Mae and Freddie Mac SEIZED!!!!!

We knew it was going to happen, but we weren't sure when. Well, the big dominos are starting to fall now.
In its most dramatic market intervention in years, the U.S. government seized two of the nation's largest financial companies, taking direct responsibility for firms that provide funding for around three-quarters of new home mortgages.

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