Comes to $24k per person and 9 times the amount spent in Iraq and Afghanistan
Less than a week after Fannie Mae (NYSE:FNM) lost $28 billion, Freddie Mac (NYSE:FRE) came out and lost $25.3 billion
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Ackman talks about Fannie (NYSE:FNM), Freddie (NYSE:FRE), AIG (NYSE:AIG), Lehman (NYSE:LEH), Bear Stearns (NYSE:BSC) Ford (NYSE:F) and GM (NYSE:GM)
Fannie Mae (NYSE:FNM) this past quarter lost more than the country of Costa Rica will produce in GDP this year. Congress is criticizing who?
Freddie Mac reported last week that 30-year fixed-rate mortgages averaged 6.2 percent this week. That’s down from 6.46 percent last week and below 6.24 percent, the rate at this time last year. So is now the time to buy a house?
Just a little lesson in the market and its ability to handle shocks to the system. It isn't always pretty, but it does work.
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