Shares in mortgage giants plummet

Shares in mortgage giants plummet

There are 1 comment on the Baltimore Sun story from Aug 21, 2008, titled Shares in mortgage giants plummet. In it, Baltimore Sun reports that:

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 ...

Join the discussion below, or Read more at Baltimore Sun.


Pittsboro, 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.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Friedman Billings Ramsey Discussions

Title Updated Last By Comments
News 3 Banks Plan Stock Offerings To Repay Gov't Funds (May '09) May '09 Stock Market Club 1
News Hotels offering bargains to keep business (Mar '09) Mar '09 DSI 13
News Schaeffer's Street Stories: Lowe's Companies, I... (Mar '09) Mar '09 Auntie Maim-me 1
News U.S. Banks Offer Mortgages Below 5% After Fed A... (Jan '09) Jan '09 janeah 1
News Analyst predicts deep job cuts at Intel 5:41PM ET (Dec '08) Dec '08 Taxpayer33 1
News Resource America, Inc. to Present at the Friedm... (Dec '08) Dec '08 john collins 1
News Pressure builds on Citigroup to sell part or al... (Nov '08) Nov '08 Who Pays 1
More from around the web