A little ditty about Fanny and Freddy.

Just a cute title for what looks like a looming showdown with the US's biggest home lenders Fanny Mae and Freddy Mac and the current credit crises. I didnt even know who they were until a week ago, and it seems that in that time panic has spread about the degree to which the US government may have to bail them out. As the New York Times has noted, that could mean as much as 5 trillion dollars.

Given that no one thought Bear Sterns would need a hand out and these guys are another whole level up larger, is this the last couple of doors for the whole credit squeeze to finally knock? Is this about where the buck will finally stop, and the market can finally call the bottom?

Originally posted by kmax87
Just a cute title for what looks like a looming showdown with the US's biggest home lenders Fanny Mae and Freddy Mac and the current credit crises. I didnt even know who they were until a week ago, and it seems that in that time panic has spread about the degree to which the US government may have to bail them out. As the New York Times has noted, that could ...[text shortened]... ck? Is this about where the buck will finally stop, and the market can finally call the bottom?

Originally posted by smw6869
How dare you say that about Granny! I have never lent any such money to anyone. I need no bailing out (except on Sat. nites). However, if they want to throw a Trill or so my way i'll accept it. ........OH!, Fanny not Granny!?!..................NEVERMIND!

GRANNY.