Saturday, July 12, 2008

Fannie and Freddie: Who are these guys?

"The stock market is roiling again - this time out of concern that home-mortgage financiers Fannie Mae and Freddie Mac could topple. But all that begs a more fundamental question: Who are these guys anyway?

Actually, Fannie and Freddie aren't guys, gals or any other variety of real people. Both are unusual shareholder-owned corporations that were started by Congress."

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Fannie and Freddie: Who are these guys?

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