“CNN: "U.S. seizes Fannie"”
September 7 at 8:04 pm
- Link
Chris Wetherell, Susan Beebe (Santa Claus), April Buchheit and 7 other people liked this
Indeed - Johnny Worthington
Do not like. - Chris White
I do not want one cent of my tax dollars going to a bail out. I'm creating a line-item deduction on my taxes if they do. - AJ Kohn
Let us know how that works out. - ⓞnor
From wikipedia: """The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a government sponsored enterprise (GSE) of the United States.""". The use of 'seizes' here is a bit sensationalist. - Jon McAlister
It's not the seizing that's the problem, it's the bailout. Too bad. The dollar was on an upward trend. - Chris White
Does this mean I don't have to pay back my student loans? - Soup
@amy that would be sallie mae ... much transition for student loans so respectfully keep paying attention - Scott Moskowitz
Amy, I don't think you can put your education into foreclosure. :) Real estate has a funny loophole that allows borrowers to walk away from their debt without declaring bankruptcy. - Chris White
Hmm. Well. Any chance Sallie Mae will go next then? And THEN can I not pay back my student loans. *hope!* - Soup
@amy they already went to a private equity deal ... Debt means you work for someone else (savings & equity is for yourself) - Scott Moskowitz