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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (214508)8/6/2009 8:37:14 PM
From: DebtBombRead Replies (2) | Respond to of 306849
 
"Due to current trends in the housing and financial markets, we expect to have a net-worth deficit in future periods, and therefore will be required to obtain additional funding from Treasury pursuant to the senior preferred stock purchase agreement," Fannie Mae said. "As a result, we are dependent on the continued support of Treasury in order to continue operating our business."

OMG



To: Perspective who wrote (214508)8/6/2009 9:48:23 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
"the White House is considering folding the troubled assets of both Fannie Mae and its counterpart Freddie Mac into a new, federally backed corporation"

Money washing in the highest level of art.

Awesome.


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