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: Central Illinois Strawberry Festival - by Cindy Ladage and Janna Seiz. Every year the coming of summer is highlighted by different events for different people. For some, it is heralded with the end of school, tilling the garden, or completion of the planting season. To us, connoisseurs of find food, antique tractors, farm toys, crafts, and downright fun, the annual Strawberry Festival means summer is here. Every year, in Carlinville, Illinois, the Macoupin County Historical Society and the Macoupin Agricultural Antique Association team up to fill th
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