Freddie and Fannie: Republican victims
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.
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.
AP | MARTIN CRUTSINGER and ALAN ZIBEL | Posted 07.14.2008 | Business
WASHINGTON — Now that the federal government has thrown a lifeline to mortgage giants Fannie Mae and Freddie Mac, taxpayers could be on the hook...
Jeff Danziger | Posted 05.04.2008 | Politics
Christine Ebersole | Posted 04.25.2008 | Politics
As the endive and pear salad was put before me, I began chatting with the handsome man "on the right". He told me that he had just come from attending a Barack Obama hullabaloo at Cooper Union.
Ann Lee | Posted 11.24.2007 | Business
This latest boom and bust of subprime mortgages, out-of-control credit card issuance and private equity acquisitions have created the largest transfer of wealth from the poor to the rich in modern history.
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Diane Francis | Posted 07.15.2008 | Business