Mortgages Of The Apocalypse: Are Freddie And Fannie Going To Collapse?

Mortgages Of The Apocalypse: Are Freddie And Fannie Going To Collapse?

Freddie Mac and Fannie Mae, the “government sponsored” enterprises that are supposed to bail us out of the current mortgage crisis, may be in danger of collapsing, according to William Poole, the former president of the St. Louis Federal Reserve, who told Bloomberg the companies are already “insolvent.”