NEWS
Can the Baltics learn from U.S. financial mistakes?
In early July, stock markets reached new lows for the year, with the U.S. financial sector in panic over Fannie Mae and Freddie Mac, the two giant American government-sponsored mortgage finance companies. Because they were created by the United States government to increase home ownership, the market perceived them as having the implicit backing of the government. Fannie Mae’s stock price fell from 70 dollars (44 euros) in August 2007 to 6.68 dollar on July 7, and then almost doubled to12 dollar ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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