Shares in mortgage giants plummet

Full story: Baltimore Sun
Shares of Fannie Mae and Freddie Mac tumbled in New York trading yesterday to the lowest levels in nearly two decades as speculation increased that the U.S. Treasury will bail out the mortgage-finance ... Full Story

Tarboro, NC

#1 Aug 21, 2008
They are done, along with about 1,000 banks in the next three years. They have 130 billion in toxic mortgages and have written down 3 billion and have raised 3 billion....done...the banks are next in line with hundreds of billions in losses and running out of places to get capital in a credit squeezed system.

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