Holy Mother of Free Markets! Fannie and Freddie taken over by the Feds

I just saw this on Yahoo:

The U.S. government plans to put troubled mortgage finance companies Fannie Mae (FNM) and Freddie Mac (FRE) under federal control, the New York Times and Washington Post newspapers reported on Friday.

Either they are or they are not public companies – this helps to clear things up a little. Let the chaos continue!

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  • http://theemotionalcripple.com/2008/09/06/silver-state-bank-is-11-to-shut-down-this-year/ The Emotional Cripple

    Silver State Bank is #11 to shut down this year. Fannie Mae, Freddie Mac may be taken over this weekend….

    Another bank hit the skids today – Silver State Bank in Nevada. Fannie Mae, Freddie Mac may be taken over this weekend.
    ……