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Chris Hamnett: Fannie Mae, Freddie Mac and a nightmare on Wall Street

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  • #1

    Chris Hamnett: Fannie Mae, Freddie Mac and a nightmare on Wall Street

    Chris Hamnett: Why are governments rescuing banks and institutions whose gung-ho lending triggered the credit crisis?

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  • #2
    Re: Chris Hamnett: Fannie Mae, Freddie Mac and a nightmare on Wall Street

    This is pretty much the most risky economic news since I was born. if either of these banks fail, it could cause a recession almost as deep as the Great Depression. No kidding, these banks underwrite more money than most third world countries are worth.

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