Both Freddie Mac and Fannie Mae are expected to go into US federal Receivership. The cost for the US Taxpayer is expected to top $25 B. The current value of Mortgages owned or guaranteed is over $5.3 Trillion. They are the two largest guarantee holders or owners of US mortgages. Beside the Taxpayer cost what is the expected cost for US investors. The Columbus Dispatch on Sunday indicated that the Shareholders are expected to loose virtually everything! Ouch! Talk about Market Risk! Many financial analysts, brokers or writers have historically considered Freddie Mac and Fannie Mae to be safe investments. I think I have heard that before! I wonder what the shareholders are thinking tonight!
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