How Does The Fannie Mae Bail Out Affect You?
Posted in Finance, Real Estate, Economy on Jul 14th, 2008 2 Comments »
What a day for financial stocks! Regional banks got slaughtered and even large national banks sank like bricks. Washington Mutual (WM) was down 35% and Wachovia (WB) dropped 15%. I guess the market didn’t care for the Federal Reserve’s bailout of Fannie Mae (FNM) and Freddie Mac (FRE).
So should the Federal Reserve have offered to bailout FNM and FRE in the first place?
