Buffet - Fannie Mae and Freddie Mac independence to end

/INTERFAX-AFI, New York, August 22, 08/ - Warren Buffet considers that existence of USA two major mortgage agencies as independent companies came end, Bloomberg informed. "The game is over, - the world richest man and the head of Berkshire Hathaway said in interview to CNBC on Friday, according to Forbes. - They were allowed to get unlimited loans. They got carte blanche (for loans) from the Federal government". During the day trades, a day before, share value of Fannie and Freddie fell to its lowest in 20 years on anxieties that the government will have to save these two companies, the stake of which constitutes for more than half of the USA mortgage market with $12 trl. Last month the USA Minister of Finance Henry Polson gained permission of Congress on providing capital for mortgage companies (in the form of credits or shares purchase) in case of necessity. However, according to bids, the USA Ministry of Finance has not plans to use this possibility, preferring to retain it in case of the market conditions get worse. [2008-08-25]