Monday, June 14, 2010

Not looking good in the US mortgage market

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case

"The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history". (yes, that's big - so how long before gold goes up again?)

Posted by alan @ 09:39 PM (838 views)
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