Replies to post #17619 on Freddie Mac-No Politics (FMCC)

[BottomBounce]

Warren Buffett Speaks Out About the US Financial Crisis supporting Fannie Mae and Freddie Mac. http://bit.ly/h2gXky Stocks BRK-A, FMCC, FNMA

[Entangled Proton]

Bonds are not guarenteed. The City of columbus has been selling bonds with full knowledge that they will default. If they default they can buy the bonds back for pennies on the dollar.

How could you guarentee a bond being sold by a company that is being chopped up ?

It was the failer of mortgage backed bonds that sent our economy in this tail spin.