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
jeffro

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.

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