Freddie Mac
The government informed the two mortgage-finance companies that it is preparing a plan to seize them and place them in a conservatorship, officials and executives said.I know GT is mostly a green blog, but It is hard to go green without big buxx. And the state of the economy is getting worse and worse stateside. For starters they hold 1/2 of all USA mortgages and there equity is somewhere in the ball-park of 5 trillion dollars. Look out below, because a below is the only way to stop this debacle. The truth is, let them fail and the tax payers won't have to pick up the tab. Inform everyone you know, the largest financial institution has just gone kupoot!
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