Inside Wall Street: The Fannie Mae/Freddie Mac Bailout is Necessary - But Don’t Expect a Happy Ending
Money Morning (July 14th, 2008) Writes:
By Shah Gilani
It’s the end of the "American Dream." It’s the story of how the inevitable bailout of insolvent housing giants Fannie Mae (FNM) and Freddie Mac (FRE) - with the Federal Housing Administration soon to follow - will ultimately lead to such sorrowful sequels as "TheDeath of the Dollar," "The Downgrading of U.S. Government Debt" and, yes, "The Depression."
Let’s be very clear on one point, however: There’s no question about it - Freddie and Fannie have to be supported. If the doctrine of "too big to fail" didn’t already exist, it would have to be invented - immediately. Although many are arguing against a "bailout," those "experts" never seem to address the fallout that would emanate from such a strategy. Nor do they ever discuss the sad series of events that brought us to ...
Tags for this Post:
American Dream, Bailout, Current Market News, Dream 34, Fannie Mae, Financial, Fnm, Freddie Mac, Giants, global economy, Investors Profit, Money Help, Money Markets, Money Moves, Seismic Shift, Stocks to Watch, wall street
American Dream, Bailout, Current Market News, Dream 34, Fannie Mae, Financial, Fnm, Freddie Mac, Giants, global economy, Investors Profit, Money Help, Money Markets, Money Moves, Seismic Shift, Stocks to Watch, wall street


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