July 29, 2008

Fears Grow Over Mortgage Giants

Stocks of Fannie Mae and Freddie Mac are being hammered as the housing slump spreads, but the Bush administration says it's not planning a federal takeover of the mortgage giants.

Here's the latest on the growing fears of Fannie and Freddic from AP reporter, Mark Smith…. (Video runs 2:00)

Do you think the Federal government should intervene, or stay out of it? Tell us what you think by clicking on the comment link below and sounding off on this subject. Your email address will never be published here…

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