To: Freedom_Is_Not_Free
We have seen the failure of Fanny and Freddie, representing over $5 trillion in mortgages, which I think is some 80% of all mortgages on the books today.
I could easily be mistaken, but my recollection is that Fanny and Freddie have about 50% of the outstanding USA mortgages on their books, and are currently funding about 80% of the new mortgages.
130 posted on
08/03/2008 9:04:38 PM PDT by
ThePythonicCow
(By their false faith in Man as God, the left would destroy us. They call this faith change.)
To: ThePythonicCow
If Hydroshock was still on the forum, I bet he would be just as bearish as you are. So that’s 3. You, McGee and Hydroshock. I’m not sure where NVDave or Ex-Texan or TigerLikesRooster come down. We need a Bull vs. Bear poll. LOL.
To: ThePythonicCow
Must be where I got my 80% number off the cuff. I defer to your statistics. Point is, they are bigger than all other mortgage lenders combined, so their insolvency or impending insolvency was castastrophic.
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