Freddie and Fannie: Republican victims
Read More:
Mortgage Lending Sector,
George Bush,
Sub-Prime,
Housing,
Investment Banks,
U.S. Treasury,
Fannie Mae,
Eliot Spitzer,
Real Estate Sector,
Fraud,
Mortgages,
Fannie Mae Bailout,
Freddie Mac,
Bear Stearns Bailout,
Wall Street,
Economy,
Rrepublicans,
Business News
The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.
Diane Francis | Posted 07.23.2008 | Business