The Wall Street Journal has reported that the U.S. Treasury Department could announce big changes for Fannie Mae and Freddie Mac as they struggle with the current mortgage and housing crisis.
Here is an excerpt from that story:
“In a statement, the Treasury Department said it would not "comment on rumors." Representatives for both Fannie Mae and Freddie Mac declined to comment on the report.”
Read the entire story here:
http://money.cnn.com/2008/09/05/news/companies/freddie_fannie/index.htm?postversion=2008090521
This trend is quickening. Soon it will be GM, Ford, etc.
Pickdog
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