Articles About Savings-and-loand Institutions
- Author:
- James I. Clark III
- Posted:
- 09.11.2008
Fannie, Freddie and the American Taxpayer
As the United States government commits a bare minimum of $100 billion of taxpayer money to bail out Fannie Mae and Freddie Mac, the final reckoning depends on how effectively Washington runs the mortgage powerhouses. According to the Christian Science Monitor, with the sheer magnitude of Fannie and Freddie – with $5 trillion in home […]