Well, my company will now officially be old bad news...
...of course if I had the option I'd rather we were still the hottest bad example then deal with what's apparently coming next.
The rumor, announced in the Wall Street Journal rather pointedly after the market closed for the day, is that the government will take over Freddie Mac and Fannie Mae this weekend.
Depending on how this is handled and how the public reacts this could be crossing the streams bad...way better then them collapsing on their own, and in the end this could mean the saving of us all through strict regulations of credit and borrowing.
But still. Getting to that needed point? It's liable to be long and ugly. Wow. Just wow.
Hang on to your hats and glasses folks, the bumpy ride behind us may have nothing on the one in front of us.
The rumor, announced in the Wall Street Journal rather pointedly after the market closed for the day, is that the government will take over Freddie Mac and Fannie Mae this weekend.
Depending on how this is handled and how the public reacts this could be crossing the streams bad...way better then them collapsing on their own, and in the end this could mean the saving of us all through strict regulations of credit and borrowing.
But still. Getting to that needed point? It's liable to be long and ugly. Wow. Just wow.
Hang on to your hats and glasses folks, the bumpy ride behind us may have nothing on the one in front of us.