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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This entry was posted on Friday, September 5th, 2008 at 10:41 pm and is filed under Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Holy Mother of Free Markets! Fannie and Freddie taken over by the Feds”

1. The Emotional Cripple on September 5th, 2008 at 11:18 pm

   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.
   ……

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