polizeros.com
Fannie, Freddie failure could be worldwide catastrophe
Bloomberg A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China’s central bank. “If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu … Continue reading Fannie, Freddie failure could be worldwide catastrophe