Zorro
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Wed Dec-15-04 11:07 PM
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| Fannie Mae Warns on Capital Position |
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Not much to this article other than the warning. It leaves me feeling uneasy. <snip> U.S. mortgage finance giant Fannie Mae said on Wednesday a Securities and Exchange Commission decision that it must restate earnings over accounting problems is likely to cut into its capital position. <snip> http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=2&u=/nm/20041216/bs_nm/financial_fanniemae_capital_dc |
| GainesT1958
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Thu Dec-16-04 12:55 AM
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| 1. Um...if they have to start a mass emergency "call-in" of their loans... |
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Edited on Thu Dec-16-04 12:56 AM by GainesT1958
As a result of that "re-statement", watch the housing market suddenly resemble a gigantic, falling house of cards!:scared:
B-)
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| shcrane
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Thu Dec-16-04 01:17 AM
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| 3. what will that mean for those of use who |
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currently are paying mortgages?
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| AlCzervik
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Thu Dec-16-04 12:58 AM
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| 2. I watched some of the hearings last month, not good |
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i think there is a lot more wrong going on there that we won't find out until it's too late.
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| Chicago Democrat
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Thu Dec-16-04 01:23 AM
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| 4. Yes, me smells something rotten |
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