Fannie e Freddie sono due istituti di credito degli Stati Uniti. Vendono mutui immobiliari. Sono come Ginger e Fred, ma non ballano su un set cinematografico. Danzano sul baratro del fallimento. Le loro azioni sono crollate nel mese di luglio.
In caso di bancarotta Fannie e Freddie lascerebbero un buco di 5000 miliardi di dollari, la metà del debito pubblico americano. Dovrebbe intervenire lo Stato nazionalizzandole con un automatico aumento del costo del denaro e delle tasse. In Italia è come se fallisse contemporaneamente la maggior parte delle imprese quotate in Borsa. Fannie deve rimborsare 216 miliardi di dollari entro un anno, Freddie un po’ di più, about 291 billion. The money is not there. For two reasons. The mortgage rates are no longer being paid and no signs new mortgages. In essence, the real estate market is no more.
People have more money and the cost of borrowing has risen. In addition, the value of houses collapsed and the banks are filled with foreclosed homes. In the belly of the banks' balance sheets are still real estate valued at before the crisis of subprime. Banks do not want to devalue, if not a few can afford it, their stock price would collapse. Fannie and Freddie are a financial tsunami that in one way or another will come from us. Property prices in Italy are drugged by a cartel of companies Estate. The center of the city is no longer for habitation, but for profit. The price of apartments has no connection with reality. Real estate companies are a long time, a strange silence in the media, losing their value in the stock market. Since January 2008 the first nine companies in the industry have lost € 2.4 billion, about half of their capitalization. Pirelli Real Estate, a bit 'more than the average: 57.82%. The collapse of the housing market is in part already. Those with a € action at Christmas, end up with 50 cents before the holidays.
The value of the homes are kept artificially high. Big cities are full of signs for sale and rent and meanwhile we build more new housing in the suburbs.
The amazing thing is that the crisis has not yet come true. In the United States banks to risk failure are about 90. One, Indy Mac, closed Friday. The third failure in the United States in importance after the war. The ranks of people who withdrew their savings are the picture of the situation.
Some advice: do not buy property, debts do not, do not turn on new loans, if you can pay off loans you have, do not buy securities of real estate companies, do not buy funds with listed property companies. Fannie and Freddie are coming. by http://www.beppegrillo.it/2008/07/fannie_e_freddi.html
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