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Home › Forums › Housing › Fed to Rescue Fannie Mae, Freddie Mac › I’m going with Raybyrnes on

July 13, 2008 at 10:37 PM #239009
nostradamus
Participant

I’m going with Raybyrnes on this one. Look at the major news headlines:

CBS

Shoring Up Fannie Mae And Freddie Mac
Mortgage Giants Falter, Fed Plans For The Worst

CNN
Feds plan to rescue Fanny/Freddie

I’m not sure if Fanny and Freddie will be up or down. The fact that they need a bailout should bring them down. But part of the bailout plan is the fed buying up their shares, which would drive them up… So I’m not touching those two.