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U.S. Weighs Takeover of Two Mortgage Giants (Fannie Mae and Freddie Mac)

Submitted by IamVoting4RonPaul on Sat, 07/12/2008 - 00:48
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http://www.nytimes.com/2008/07/11/business/11fannie.html?ex=...

U.S. Weighs Takeover of Two Mortgage Giants
By STEPHEN LABATON and STEVEN R. WEISMAN
Under the plan, shares of Fannie Mae and Freddie Mac would be worth little or nothing, and any losses on mortgages they own or guarantee would be paid by taxpayers….

Officials have also been concerned that the difficulties of the two companies, if not fixed, could damage economies worldwide. The securities of Fannie and Freddie are held by numerous overseas financial institutions, central banks and investors…

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If these go down? Do I not have to pay back by student loan?

Submitted by lynnopoly on Sat, 07/12/2008 - 00:57.

Please reply..

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Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.

How did you know I was wondering the same thing?? I'm guessing

Submitted by D4L on Sat, 07/12/2008 - 01:12.

that taxpayers will probably have to bail out these companies if the government takes them over! That or you may have to pay more! I don't know anything for sure though...I'm kind of speculating myself.

Got Hope?? Click Here! http://www.youtube.com/watch?v=01kcqKd2Tag
Historic moment at WA State Convention at minute 4 here!!
http://www.youtube.com/watch?v=I4cVL_TdwZk
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What are you fightin' for?
Caught in the middle?
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So my neighbors will repay my loans?

Submitted by lynnopoly on Sat, 07/12/2008 - 01:14.

Cool :)

Pay more? Not cool :(

Somebody who knows this financial stuff... input?

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Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.

LOL! I don't think your neighbors would be too happy! Not to

Submitted by D4L on Sat, 07/12/2008 - 01:16.

mention the fact that you would be paying it back in taxes too! Government bailout = taxpayer money!

Got Hope?? Click Here! http://www.youtube.com/watch?v=01kcqKd2Tag
Historic moment at WA State Convention at minute 4 here!!
http://www.youtube.com/watch?v=I4cVL_TdwZk
Convert a delegate here! www.dvds4delegates.com

—

What are you fightin' for?
Caught in the middle?
Freedom is only for those with the guts to defend it!