Fannie and Freddie were bailed out this week-end
I am sure by now you saw the news of what ocured this week-end….. The Government now owns Fannie Mae and Freddie Mac.
If you haven’t here is a clip from the AP on what has happened:
There are a lot of reactions on this event - some positive and some negative. Here are a few video clips I have found for you that should be of interestd.
Here are a few of the reactions of this event:
Additional reading on this topic:
http://www.foxbusiness.com/story/markets/government-seied-fannie-mae-freddie-mac/
http://www.bizjournals.com/dallas/stories/2008/09/08/daily4.html
http://blogs.wsj.com/developments/2008/09/08/government-bails-out-fannie-mae-and-freddie-mac/
http://blackandwhiteprogram.com/report/government-control-fannie-mae-and-freddie-mac
