Fannie, Freddie shares plunge again

Discussion in 'Wall St. News' started by S2007S, Jul 10, 2008.

  1. S2007S


    Is the fed just going to be throwing money at anything to bailout every bank in trouble. I mean the federal reserve and government should have taken steps 5 years ago when these big institutions started developing these instruments to fuel the housing run around the country, now its up to the taxpayers money to help out the entire banking industry. You can blame GREED once again for the biggest credit crisis in history.}&siteid=yhoof

    WASHINGTON (MarketWatch) -- Shares of big mortgage buyers Fannie Mae and Freddie Mac plunged for the third time in four days Thursday, raising fears about the viability of the two huge companies, following a report that the Bush administration has been discussing what it would do if the companies fail.