Buffett Says Fannie Mae, Freddie Mac `Game Is Over’
Chinese Central bank Advisor: Freddie, Fannie Fail = Global FAIL
Sphere: Related Content“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”
{ 1 comment… read it below or add one }
Ivan prokopchuk 08.22.08 at 8:33 pm
Been out of touch for about 34 years.
What happened when New York went broke in l974?
Something called a Big Mac loan saved the city from insolvency.
Father of Freddie Mac?
Dunno. I’m no economist.