Thursday, Jul 08, 2010
Cool!
BBC: US mortgage giants delisted from NY stock exchange
"American mortgage giants Fannie Mae and Freddie Mac are being delisted from the the New York Stock Exchange. It is the final admission that these once government-backed private firms are now entirely the responsibility of taxpayers. But despite their failure, the two firms continue to prop up America's housing market." That's a very un-Home-Owner-Ist view of the role of taxpayers and banks! I thought propping up house prices was the be all and end all?
Posted by mark wadsworth @ 11:39 AM (514 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. alan said...
These companies should have been delisted long ago. The only reason for the delay is that nobody knows what to do next.
The way out is for house prices to rise, but with unemployment down that isn't likely. They are propped up by billions of taxpayer loans.
This will act as an anchor to official government interest rates, I think.
ReCaptcha: "civil-defense relapse" ....couldn't make it up, could you?
2. tenyearstogetmymoneyback said...
So where the U.K. leads (Northern Rock, Bradford & Bingley, most of RBS and Lloyds) the USA follows.
3. This comment has been removed as it was found to be in breach of our Blog Policies.
4. This comment has been removed as it was found to be in breach of our Blog Policies.
5. This comment has been removed as it was found to be in breach of our Blog Policies.