Pickle Real Estate

Reading Between the Head-Lines

Freddie, Fannie Failure Could Be World `Catastrophe,’Yu Says

2008-08-26bloomberg.com

 “If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”

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August 26, 2008 - Posted by | Banking, Foreclosure, Lending

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