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What do you think?

Fannie mae and Freddie Mac taken over by the us government.

The announcement came today that the US Government will take over Fannie mae and Freddie Mac.

My belief is that interest rates are currently higher then they should be due to instability in the market. We may see a decrease in rates because investors will deem Fannie mae and Freddie Mac to be more secure with the backing of the US Government. This is only my opinion.

What due you think about the recent announcement?

Posted by Michael Lewers on 09/07/2008 08:54 PM

Comments (7)

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7 Comments on What do you think?

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2008

Michael, I'm not sure. But when I hear the words "government" and "takeover" in the same sentence it is usually followed by a sentence which includes "taxpayers" and "painful." The third sentence usually includes something involving "regulation."

Whatever happens, it will be very interesting. My prediction is that many stock holders and mutual fund holders will take a hit in the short term.

Cameron

It's about time the government started interfering with these agencies....actually it's really sorry that the government has had to get involved at all. Too bad for mismanagement.

Our government needs about three more things to bail out and we should be able to file bankruptcy. When is this mess going to get better. Can you think of anything our government runs that actually works, from the post office to our retirement. Don't get me wrong I love this country and would not want to live anywhere else along with a few million illegals by the way. But need a change from top to bottom. I am beginning to think a civil war won't fix this. There are too many political pigs eating at the government trough and not taking care of the peoples business.

The Fed will cut rates again in the next 6 months...

I think the US government just made it official. They now back every sector of the finanical market. It won't matter a whole lot about rates I don't think. The huge amount of capital that just got lost by many smaller banks and regional banks equates to somewhere around $180BB+ in lending dollars.

I was watching this morning when they said it meant rates should be coming down, and I got all excited because I'm building a house and it won't be ready until after the first of the year, so rates should go down after the election and because of this take over... I'm hoping for a 4%!!

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