*** Las Vegas & Henderson Homes and Condos ***

Financial Crisis - Fannie Mae & Freddie Mac MAY Be Taken Over this Weekend!

The news, first reported on The Wall Street Journal's Web site, came after stock markets closed. In after-hours trading Fannie Mae's shares plunged $1.70, or 24 percent, to $5.34. Freddie Mac's shares fell 95 cents, or almost 19 percent, to $4.15.

Of course, the news was leaked after the markets closed. What a mess! Shareholders, whether common or preferred will be wiped out. Fannie & Freddie controlled 5 trillion dollars of loans - most of them called LIAR LOANS - no doc - low doc loans - foreclosures are rising as is unemployment. Looks like commercial real estate will be the next sector to take a haircut in valuations.

The Fed makes these announcements after the markets are closed - on a weekend. Essentially the government is monetizing all bad debt...on with the printing presses! Ramifications???

Post COMMENTS here...My call is that lending will tighten even further.

CONTACT THE STARK TEAM for all your Las Vegas Real Estate Needs

The Stark Team Specializes in Luxury Real Estate in Las Vegas and Henderson NV, focusing on homes and condos in Anthem Country Club, Green Valley, Seven Hills, Inspirada, Summerlin, Lake Las Vegas, and the High Rise Condos on and Off the Strip, TRUMP TOWER Vegas Condos, SKY Las Vegas on the Strip, Turnberry Place and Turnberry Towers, Panorama Towers, Las Vegas Lofts, Retirement Communities in Sun City Anthem, Summerlin Real Estate, and Foreclosures in Las Vegas and in Henderson NV.