Sep
07
Fannie Mae & Freddy Mac follow-up…
ByI made reference in an earlier post about how the FDIC take over of two of the biggest mortgage companies – Fannie Mae and Freddy Mac – should have been left to play out as the market deemed fit. Looking deeper into the situation, I now can see the larger repercussions a complete failure of these two companies would have. Dad passed along a great summary of the winners and losers of the FDIC take over here: WSJ Blog.