Just an hour ago, Malden Read, a reporter for the Washington Post, annoucned that the Feds are bailing out Fannie Mae and Freddie Mac. According to Read, this move by the Feds, "could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide."
Read the full story:
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/08/AR2008090800542.html
Monday, September 08, 2008
Feds Bail Out Fannie Mae and Freddie Mac
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