Fannie Mae OR Freddie Mac go bankrupt in July 2008

• 80%
  accuracy

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You guys probably have heard the news by now. Fannie Mae and Freddie Mac, which own or guarantee $5 trillion worth of mortgages (nearly half of all the country's outstanding home loan debt), are in big trouble.

They are losing confidence from investors to a point that their price dropped more than 80% since the beginning of 2008. How can they get into this mess? Found out from this CNN article:
http://money.cnn.com/2008...

Now, they question is whether they will go down. Or they will be saved by the government and US taxpayers will have to bear the cost.

Community Prediction in Chance

Community Accuracy:  80%

Top Predictor:   ericlo (100% Accuracy)

(show accuracy distribution▼)

Rank Accuracy A >= 90% B >= 80% C >= 70% D >= 60% E >= 40% F < 40%

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	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	16%			Yes, either one goes bankrupt
	84%			No, both will be fine

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