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Fannie and Freddie on the brink...
  #1  
Old 07-11-2008, 10:52 AM
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Default Fannie and Freddie on the brink...
Fannie, Freddie plunge continues - Jul. 11, 2008

Thoughts?
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Old 07-12-2008, 07:41 AM
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July 11, 2008 IndyMac turns over operations to the Federal Deposit Insurance Corporation.

What do you think this means for our ever struggling market?

CLICH HERE for full story.
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Old 07-12-2008, 09:11 AM
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Can you say DEPRESSION? That's exactly what I'm expecting.
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Old 07-13-2008, 08:11 AM
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Back in business: IndyMac reopens Monday - CNN.com
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Old 07-14-2008, 09:35 AM
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Quote:
Originally Posted by JaredfromIndiana View Post
you better hope these two giants stal afloat considering they hold HALFthe nation's mortgages, including yours and mine!
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Old 09-01-2008, 08:22 AM
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Quote:
Originally Posted by Propertymanager View Post
Can you say DEPRESSION? That's exactly what I'm expecting.
An over reaction.

We had a lot of banks closed during the S&L crisis and no depression. Citi and other large banks almost failed with the South American loans and no depression.

Perspective matters. We are having issues but it way to early to think depression. With a 3+% growth rate last quarter we are not even in a recession.
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Old 09-01-2008, 08:26 AM
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Originally Posted by southern sicilian View Post
you better hope these two giants stal afloat considering they hold HALFthe nation's mortgages, including yours and mine!
Technically they hold very few compared to what they guarantee. The loans were packaged into bonds and then sold on by the two organizations. Something they have been doing for a very long time so not something that only existed over the last 10 years.

They are definitely in trouble and the vote is still out as to who will own them when the dust settles. Historically the investors in the bonds have assumed the US government would stand behind the bonds. The housing act recently passed and signed into law made this guarantee more formal.
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