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Posted on 10.06.08 by Thomas L. Knapp
“Throughout the years, Fannie and Freddie have come to play a dominant role in the housing market by buying up mortgages and reselling them to investors. With approximately 5 trillion dollars of investment portfolios, Freddie and Fannie owned or guaranteed about 70% of the U.S. mortgage market — these banks have simply become too large to fail.” (10/04/08) Link: http://tinyurl.com/4e6l48 Filed under: CANDi Commentary and RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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