Fannie & Freddie – Will this bail out prevent the 2nd Great Depression?
By thelyonsden
The New York Times summarizes the move quite well…
By STEPHEN LABATON and ANDREW ROSS SORKIN
Published: September 6, 2008
The plan would replace the leaders of Fannie Mae and Freddie Mac and virtually wipe out their shareholders but allow them to continue to function uninterrupted.
Since most of our debt is owned by China and the Saudis I guess we had to make them happy somehow.
This entry was posted on September 8, 2008 at 11:59 am and is filed under Business, Mortgage. You can follow any responses to this entry through the RSS 2.0 feed.
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September 20, 2008 at 11:26 pm |
I guess the past does catch up to you…
September 21, 2008 at 12:08 am |
Only if it that little story was true my friend…too bad it is just some disgruntled former employee.