Don't Panic, Stampede
The fallout from the US mortgage crisis is far from over according to this US analyst.
The Sovereign Bank, the third largest savings and loan in the United States, has been revealed to have a $632 million stake in Fannie and Freddie preferred shares — the same shares that have lost about two-thirds of their value just since May 15, making them a prime candidate for bankruptcy he says....
Full story here: The Greatest Bailout Of All Time
The Sovereign Bank, the third largest savings and loan in the United States, has been revealed to have a $632 million stake in Fannie and Freddie preferred shares — the same shares that have lost about two-thirds of their value just since May 15, making them a prime candidate for bankruptcy he says....
Full story here: The Greatest Bailout Of All Time
