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Fannie Mae and Freddie Mac Headed for Nationalization


Source: real/diaBlog
November 14, 2008
real/diaBlog
Fannie Mae and Freddie Mac Headed for Nationalization First Fannie Mae and Freddie Mac were seized by the US Government. 
Then Fannie Mae reports $29 Billion in third quarter losses. 
Now Freddie Mac is tapping into some of the $200 Billion set aside to keep these companies liquid because they reported a loss of $25 Billion. 
And reports are that the $200 Billion was just a number that the government thought sounded big enough to create confidence in the two GSEs.  Turns out that number might be too small.
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