Freddie & Fannie are big time in the Home Mortgage industry,somewhere near 6 trillion dollars, what would be the result if they were allowed to fall? your country would go with it.This is designed to stabilise the housing industry and stop all those signs that have appeared, "Bank owned, For sale".Should have been done earlier. Its not a grab because they will be freed when times get better.It's more of Financial backing. I can't believe some of the posts on here, bring yourselves upto speed and read the reports on the Federal National Mortgage Assn. and Federal Home Mortgage Corp. They were both Govt. initiatives.. Fannie Mae is older than the majority of you. Best and possibly the only good decision GWB has made.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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