We’ve had some calls from people who hold Fannie Mae and Freddie Mac Bonds. While the Fannie and Freddie Shareholders have had 80 percent of their shares bought by the Federal Government (and taken a bath on what’s left), bond holders should feel good about the government’s move. The whole point is to try and reassure bond investors that the companies are not going to default on their bonds or bond payments.
As we get more news we’ll update the blog.
September 8, 2008