Fannie Mae and Freddie Mac
Written by damiende on July 14, 2008 – 9:17 amSounds like the newest rap group hailing from south Philly, but in real they are two of Americas most important banks. And they are in deep shit these days. And if they go belly up the effects will be noticed all over the world.
The interests rate here in Norway, is rising and they will rise even higher if these banks go bankrupt. I am glad I don’t have any loans to worry about. I feel for those that might end up selling their houses in a market that are hard enough to as it is.
Posted in Real money Trade |
