News: Fannie Mae/Freddie Mac: Another Reason to FAIL!

Here's another reason Freddie Mac and Fannie Mae SHOULD be allowed to FAIL.

I personally think this is O B S C E N E !!!!!


AP Reports:

Fannie and Freddie, which hold or guarantee nearly half of the $12 trillion U.S. mortgage market, have seen their stock prices tumble from over $60 a share in 2007 to under $10 last week

Let's take that paragraph apart!

Fannie and Freddie, which hold or guarantee nearly half of the $12 trillion U.S mortgage market, GUARANTEE HALF of ALL that money???
So Fannie and Freddie EACH Guarantee THREE BILLION Dollars??

...These TWO banks...have seen their stock prices tumble from over $60 a share in 2007 to under $10 last week...

And can you not actually SEE that THIS will affect our society???