Fannie Mae OR Freddie Mac taken over by the government in Aug 2008

• 68%
  accuracy

(hide summary▲)

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 close to 90% since the beginning of 2008. How can they get into this mess? Found out from this Forbes article:
http://www.forbes.com/mar...

Now, they question is whether they will go down and be taken over by the government. It is highly possible the current shares will be worth nothing.

Community Prediction in Chance

Community Accuracy:  68%

Top Predictor:   poisontongue (100% Accuracy)

(show accuracy distribution▼)

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

You need to upgrade your Flash Player

	ZiiValue (chance)	Answer	MyValue (0% to 100% chance)	Possible Outcomes
	28%			Yes, government takes over
	72%			No, government won't take over

STEP 2:  Comment

Submit Prediction Cancel