Jul 11
For the third day this week the stocks of Freddie Mac
and Fannie Mae took a hammerin’ on Wall Street and for
the second day major newspapers are speculating on their survival as
independent companies.
On Friday The New York Times and Barons both reported that the two
government sponsored enterprises (GSEs) are under mounting pressure to
raise additional capital and The Times saying that the Bush
administration is considering a plan to take over either or both
of the companies and place them in a conservatorship if their problems
continue.