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September 2008

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FNM & FRE - Why did they need a Bailout?

September 08, 2008 – Comments (7) | RELATED TICKERS: FNMA , FMCC

Can someone please explain why these companies need a government bailout?

Why not just let them be...if they fail...so be it!  It just seems odd that these companies where not prepared for such an occassion...what is the REAL level of mortgage defaults 6% of the outstanding mortgages?  Seems like a low number not the weather....the numbers don't add up...

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