Thread: The Obama Boom.
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Old 03-22-2009, 10:50 PM   #126
wmbwinn
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"Together, these entities underwrite about 80 percent of the mortgage-backed securities market. The failure or severe mismanagement of either one could have major consequences for the rest of the economy."

The above quote is from the earlier linked article. You can jump on me for not wording it exactly the same way as they did. My statement that Freddie and Fannie back 80 percent of all home mortgages was a statement I made based on the quote above. I am not exactly correct but now you know what I meant.
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