Falling Giants
blockdog
location: Land of Confusion
listening to: Jeff Black - Honey & Salt
registered: 2004.04.04
posts: 2185
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...the Wall Street Journal tops its business newsbox with the continuing financial troubles at Fannie Mae and Freddie Mac that is increasing fears among investors that the government will have to step in to rescue the companies. Shares of the two government-sponsored mortgage giants continued to plummet yesterday as many predict the companies will be forced to raise more capital by issuing additional shares. The WSJ notes shares for both companies are down more than 80 percent from last year. The NYT highlights that the Bush administration is considering whether the government should take over one or both companies, which would make their shares essentially worthless, and would mean taxpayers would have to foot the bill for any losses on mortgages they own or guarantee.
B
blockdog
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...the Wall Street Journal tops its business newsbox with the continuing financial troubles at Fannie Mae and Freddie Mac that is increasing fears among investors that the government will have to step in to rescue the companies. Shares of the two government-sponsored mortgage giants continued to plummet yesterday as many predict the companies will be forced to raise more capital by issuing additional shares. The WSJ notes shares for both companies are down more than 80 percent from last year. The NYT highlights that the Bush administration is considering whether the government should take over one or both companies, which would make their shares essentially worthless, and would mean taxpayers would have to foot the bill for any losses on mortgages they own or guarantee.
