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Location: Georgia, on the Florida line, right above Tallahassee
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The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night.
Government may soon back troubled mortgage giants: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html - broken link)
Well this will be inflationary when we pay off the GSEs bond holders. Increase in the monetary base here we come. Enjoy.
Got my Gold. I'm Good to Go.
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