So funny. Everyone is betting that Lao Chuan can pay back to the shareholders.
$FREDDIE MAC (FMCC.US)$$FEDERAL NATIONAL MORTGAGE ASSOC (FNMA.US)$It's certain that they will have to pay back, but the remaining money won't be enough to save it... Without government backing, the irresponsible actions of these two companies in issuing MBS will sooner or later lead to a major scandal.
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