Freddie & Fannie Update

Freddie & Fannie Update Friday, August 22, 2008

Posted by ei-forum in Miscellaneous.
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Here is an update of the current situation.

Cramer might actually have a point; why not halt the stocks? Allowing them to trade is actually increasing speculation and moves made by the real speculators without taking into account all of the small private investors.

Generally speaking, we feel that markets should work themselves out but in this case, the government is not really helping the situation by taking some rapid and decisive action.

Time will tell if the right course of action has been taken…