Fannie Mae buys KnowYourOptions.com for $50,000

Fannie Mae, an American corporation whose sale of mortgage-backed securities is one of the many causes of the current recession, made headlines today with its purchase of KnowYourOptions.com for $50,000 USD.

The company will more than likely use the domain to create a website about financial awareness. Since the recession, many consumer advocates have argued that the mortgage industry preys on uneducated individuals, and that consumers need to become more financially literate. Fannie Mae no doubt wants to regain its reputation as well.

Another great name, VideoDating,com, also sold for $50,000 USD– to a different buyer, of course. A Canadian individual bought the name from domain success star Steve Newman.

Photo | Future Atlas