Jul 11 2008
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“ They own or guarantee $5 trillion worth of mortgages - nearly half of all the country’s outstanding home loan debt - and they’re crashing. Big time. If Fannie Mae and Freddie Mac go under, it will wreak yet more havoc on an already wrecked housing market - making loans tougher to come by and possibly pushing hundreds of billions of dollars in cost on to U.S. taxpayers.
