Archive for September 14th, 2008

The worse is yet to come

2 Comments Published by September 14th, 2008 in Banking Industry, Interesting data

Last we were informed about US government’s decision to rescue Freddie Mac and Fannie Mae. Both mortgage lenders are under special regulatory supervision now, the so called conservatorship. This event can be described in two sentences, but there are some major implications. We have found the following data that illustrate the size of this public [...]