American Branded Capitalism Spurs Financial Bailout

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The “adequately capitalized” Fannie Mae and Freddie Mac were placed in conservator-ship this weekend by the US Treasury. Under the terms of the takeover, the government took a subordinated position behind the mortgage-backed and senior debt holders, received a

September 8, 2008 - Economy, Markets, Politics - 0 Comments

You’d thunk they’d see it coming??

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The US has done it this time–syndicated a global financial crisis through the export of sub-prime loans. But for all of Wall Street’s shamelessness and former Fed Chairman Greenspan’s chutzpah to counsel the US Congress to permit unbridled derivative contract sales so banks could “offload risk,” aren’t investors somewhat to blame? 

August 2, 2008 - Markets, Politics - 0 Comments

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