Topic: More for the Bush Legacy...
t22learner's photo
Fri 09/05/08 07:35 PM
WASHINGTON (AP) -- Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday night.

Some of the details of the intervention, which could cost taxpayers billions, were not yet available, but are expected to include the departure of Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Syron, according to the source, who asked not to be named because the plan was yet to be announced.

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html

Lynann's photo
Fri 09/05/08 07:38 PM
I have some opinion on this but damn...

I am not sure much will come from an discussion on this subject here.

madisonman's photo
Fri 09/05/08 07:41 PM

WASHINGTON (AP) -- Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday night.

Some of the details of the intervention, which could cost taxpayers billions, were not yet available, but are expected to include the departure of Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Syron, according to the source, who asked not to be named because the plan was yet to be announced.

http://biz.yahoo.com/ap/080905/mortgage_giants_crisis.html
Thats socialism!!!! what is this country comeing to???