Fortune Magazine is calling the current state of affairs at Fannie Mae and Freddie Mac The $5 Trillion Dollar Mess . . .It looks like we won’t know what is going on until the markets open tomorrow morning and the business week begins to unfold.
I was just feeling good about a busy open house this afternoon. It seemed like we were having small summer blip of activity. I don’t think our troubled national housing market needs more bad news.
Bernanke Tries to Reassure Congress
