Freddie and Fannie Take a Dive
Jul 31, 2020464.3K Shares9.8M Views
Friend-of-the-site Charles Morrisjust wrote in to let us know that Fannie Mae and Freddie Mac’s stock took a nose dive today, dropping 17 percent and 18 percent respectively. That’s grim news for the federally funded/privately held duo that was anointed to lead the major bank bailout at the first signs of the housing crisis last summer. Charles wrote about their role in the housing crisis this morning in a piece that outlines how federal efforts to ease the pain of hte mortgage crisis are merely stop gaps. This crisis is going to get much worse before it gets better.
Hajra Shannon
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Hajra Shannona is a highly experienced journalist with over 9 years of expertise in news writing, investigative reporting, and political analysis.
She holds a Bachelor's degree in Journalism from Columbia University and has contributed to reputable publications focusing on global affairs, human rights, and environmental sustainability.
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