Fannie Mae And Freddie Mac!
Well Fannie Mae and Freddie Mac are in the news again today. Which is one of the reasons for the Dow Jones going up and down through out the day. Wall Street is wondering if the government-chartered companies are going to need a bailout by Treasury Department. Which in turn would clear out shareholders equity. And the other reason is the price of oil is coming back down. Right now the price of oil is around $113 a barrel. We’ll see if it can hold or go below that mark by day’s end.
