In the midst of bad news about the global property market, could British real-estate companies be emerging as stocks to buy?

It is time we select our 44th President of this great country. I sure hope all of you FlipBoard readers get out and vote today. You must exercise your right to participate in the greatest political system of modern man.

Where else on earth can you experience total political power transition without a drop of blood shed?

Take care!

Richard

Everyone wants to know — needs to know — whether Fannie Mae and Freddie Mac will be able to continue giving tens of millions of dollars to local charities. But nobody knows, maybe not even the staff at Fannie Mae and the Freddie Mac Foundation, maybe not even administrators at the Federal Housing Finance Agency who are reviewing the companies’ giving.

Even though the finances of many Washington-area charities are inextricably linked to the two companies, their concerns are small potatoes compared with another matter in which Fannie and Freddie are closely involved: the national economy.

The two backed more than half the country’s home mortgages, which put them in dire straights when the flood of foreclosures kept coming and coming. Combined, they lost nearly $14 billion in a year.
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A high-profile British developer has defaulted on a $365 million loan for prime land it bought in Beverly Hills as part of a plan to build luxury condos.