Freddie going down on bad Fannie

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

HairyArsedBloke replied

21 August 2008, 12:34
From Freddie Mac's website

Freddie Mac operates in a single, safe business: residential mortgages backed by the equity of millions of American homes across the nation. Freddie Mac is subject to rigorous governmental oversight and substantial capital requirements, and our financial disclosures surpass those of other large institutions. These practices ensure that our business is financially transparent and accountable to our shareholders, regulators and the American public.
Leave a comment:
Peoplesoft bloke replied

21 August 2008, 11:19
Why do septics always have ridiculous names?
Leave a comment:
ace00 replied

21 August 2008, 11:18
Oh, you had to go there.

I was considering purchasing some equity in the American heavy weight mortgage firms as it offers some value trading at such a low premium.

Yep, I wanted to get me some cheap fannie.
Leave a comment:
Xenophon replied

21 August 2008, 11:15
Originally posted by realityhack View Post

Damn... It's about banking.

WHS
Leave a comment:
realityhack replied

21 August 2008, 11:14
Damn... It's about banking.
Leave a comment:
DimPrawn started a topic Freddie going down on bad Fannie

21 August 2008, 11:13
Freddie going down on bad Fannie

http://news.bbc.co.uk/1/hi/business/7573558.stm

Shares in US mortgage finance giants Freddie Mac and Fannie Mae have plunged to their lowest levels in nearly two decades.

The fall has reignited speculation that the US government will be forced to bail out the pair.

Shares in Fannie Mae, the biggest US provider of housing finance, fell 27% to $4.40, the lowest since 1988.

And shares in counterpart Freddie Mac crashed by nearly 22% to $3.25, their lowest since 1990.
Tags: None