I had to post this info as this is critical not only to investors, but also thousands if not millions of potential home buyers. Fannie Mae & Freddie Mac have become insolvent according to William Poole the former federal reserve bank president of St. Louis. These were his exact words “Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer”.To read the whole story on the historical event click on the link below.

Fannie & Freddie Going Under