Friday, July 11, 2008
Fannie Mae and Freddie Mac under pressure.
Facing enormous pressure to raise fresh capital to offset the sharp drop in value of the numerous mortgages they hold , Fannie Mae and Freddie Mac are driving the stock market down to new lows.
Briefed on the severity of the pair situation , and thinking the two are a couple, president Bush quickly offered a remark with an air of I told you so: "This is why I opposed gay marriage in the first place."
Briefed on the severity of the pair situation , and thinking the two are a couple, president Bush quickly offered a remark with an air of I told you so: "This is why I opposed gay marriage in the first place."
Labels: Fannie Mae, Freddie Mac
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