the fannie/freddie thing still a proposal albeit the U.S. government stance to do whatever it takes ..still don't know the full extent of the banking sector and could produce some more nasties, how much more can the government do and what will be the sting in the tail.
Been said time and time again our banks are pretty much in better shape than those overseas, confirmed with market share gains in mortgage and rises in rates slugging existing holders given less new loans are being written.
Just goes to show how much overseas money went into selling down our banks, the asx has become a traders market full stop. DYOR cheers,
