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12 trillion pound mortgage debt...........

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Old 07-09-2008, 09:03 PM
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The Sludge
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Default 12 trillion pound mortgage debt...........


2 largest usa mortgage providers being shored up, freddie mac and fannie may

Looks like more shit in UK then
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Old 07-09-2008, 09:06 PM
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What will this mean for us? Any clued up types? Im shite with money, never got any
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Old 07-09-2008, 10:03 PM
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just means more shit for uk people mate. It will affect rates here whether first time buyers or people upgrading,
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Old 07-09-2008, 10:07 PM
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Back in with me old dear then
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Old 07-09-2008, 10:29 PM
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LOL

mind you the 2 mortgage companies sound like porn stars LOL.............
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Old 07-09-2008, 10:32 PM
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Go on.......
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Old 07-09-2008, 11:07 PM
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He means Fannie Mae and Freddie Mac.

Now Asia is open, the FTSE has jumped up about 100 points (nearly 2%) in out-of-hours trading. I seriously don't understand why.....

The market had not priced in nationalisation of these leviathons.....
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Old 08-09-2008, 05:17 AM
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Originally Posted by Ex-Finesse
He means Fannie Mae and Freddie Mac.

Now Asia is open, the FTSE has jumped up about 100 points (nearly 2%) in out-of-hours trading. I seriously don't understand why.....

The market had not priced in nationalisation of these leviathons.....
and in english that means what exactly?

and anyway, i thought fredie mac had passed away the other week, was he big in asia?
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