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During the past week we’ve heard a ton about Fannie Mae,
Freddie Mac and Indy Mac.

Another crisis?

Do we really need another crisis? How could newspapers
be losing so much money with so much terrible stuff going
on?

And that’s my point . . .there’s been a tendency for many
people to stick their heads in the sand. It just seems
too much to absorb.

At first, it’s easy to think that this is part of the
endless downward spiral of the housing crisis.

Then I looked at the numbers.

Both of these institutions finance half of the mortgages
in the U.S.

Together they owe five trillion dollars!

Be sure to check out the blog for the full article...

www.strategicrealestatecoach.com

 
Posted by Ted Cowan on 07/23/2008 10:37 AM   Comments (0)  
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Real Estate Trainer: Ted Cowan (Strategic Real Estate Coach)
Ted Cowan
Pacific Palisades, CA
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Strategic Real Estate Coach

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