Freddie & Fannie are big time in the Home Mortgage industry,somewhere near 6 trillion dollars, what would be the result if they were allowed to fall? your country would go with it.This is designed to stabilise the housing industry and stop all those signs that have appeared, "Bank owned, For sale".Should have been done earlier. Its not a grab because they will be freed when times get better.It's more of Financial backing. I can't believe some of the posts on here, bring yourselves upto speed and read the reports on the Federal National Mortgage Assn. and Federal Home Mortgage Corp. They were both Govt. initiatives.. Fannie Mae is older than the majority of you. Best and possibly the only good decision GWB has made.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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