American Branded Capitalism Spurs Financial Bailout
Tags: Congress + elections + Fannie Mae + FNMA + Freddie Mac + Ginnie Mae + GNMA + Gold + Inflation + Paulson + Treasury + wall street + Washington
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
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