July 22, 2008
money
I've used large and small banks and I'm keeping a close eye on these bank failures. One should also know this information about bank deposits.
I am a believer. I do not believe the US government will let Fannie Mae and Freddie Mac fail.
Freddie lost $3.5 billion in 2007; Fannie reported a $2.2 billion loss in the first quarter, having lost $2.05 billion last year.(Economist)
More news about the US economy. Hold on to your hats people, it's going to be a bumpy ride.
Posted by azileretsis at July 22, 2008 01:08 PM
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