Saturday, September 6, 2008

Goodbye!

I just read this in the news:
Fannie Mae and Freddie Mac lost a combined $3.1 billion between April and June. Half of their credit losses came from these types of risky loans with ballooning monthly payments.
Goodbye american economy. I can't believe the government is going to have to take over Fannie Mae AND Freddie Mac. This economy is so fucked. Another choice quote:
A government takeover could cost taxpayers up to $25 billion, according to the Congressional Budget Office. 
Sigh.

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