Freddie Mac stock price indicates serious trouble...

[ron_paul_silver_dollars]

Shares of Freddie Mac, the second-largest U.S. mortgage-finance company, suffered a massive drop of over 28% in just a single day on Nov 20, 2007...

 

[ron_paul_silver_dollars]

One of the world's most successful investors, Jim Rogers, says the Fannie, Freddie declines have long way to go yet:

Video: http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vTLdQ0wF3FT4.asf


BTW... I think Jim is right... IMO, 100% mortgage financing with no-money down is extremely wreckless financial planning for the broader economy... and the Federal Reserve should be extremely ashamed of itself for encouraging 100% mortgage financing, and in fact, by encouraging such behavior, may lead to it's own downfall and demise.