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Post by JacktheRipper on Sept 17, 2008 14:46:30 GMT -5
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Post by jct32 on Sept 17, 2008 15:50:28 GMT -5
You know because of the Fannie Mae and the Freddie Mac, the government pretty much owns like 80% of the houses on loans.
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Post by JacktheRipper on Sept 17, 2008 15:59:12 GMT -5
You know because of the Fannie Mae and the Freddie Mac, the government pretty much owns like 80% of the houses on loans. I'm a bit more upset about the fact the taxpayer had to eat some monster losses from those companies. Oh and apparently WaMu is going under and currently looking for someone to buy them out. This is not surprising at all but that's three banks in a week failing. AIG is going to be taken out of the DJIA due to the whole near collapse and government bailout thing. The markets reacted well today, down 450 poinds on the Dow. The S&P (my choice index) dropped 4.71% on the day and is down somewhere near 8% on the week. This is hopefully the big move that gets everything stable. I've been waiting on a nice little crash for a while and finally the markets are listening. Kinda... |
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Post by jct32 on Sept 17, 2008 19:50:34 GMT -5
Yea, hopefully they bounce back and don't go down any more
Isn't AIG a pretty big global company?
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Post by detroitbasketball on Sept 17, 2008 19:58:14 GMT -5
Yea, hopefully they bounce back and don't go down any more Isn't AIG a pretty big global company? Um, one of the 20 biggest companies in the world IIRC. |
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Post by dkgojackets on Sept 18, 2008 1:09:24 GMT -5
True fact: AIG has over a trillion dollars in assets.
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