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U.S. Rescue Seen at Hand for 2 Mortgage Giants | WHAT REALLY HAPPENED

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THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

U.S. Rescue Seen at Hand for 2 Mortgage Giants

Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to place the two companies under federal control, officials and company executives briefed on the discussions said.

Webmaster's Commentary: 

Translation: The US Government will bail out these corporations and stick YOU with the bill!

Comments

this is huge. seriously,

bullbiscuits

this is huge. seriously, should we bail out a system that privatizes gain and socializes risk ??? i think it's time to stop paying federal income taxes.

It will be interesting to see

dragline190d

It will be interesting to see how China and Japan react when the new stocks are issued rendering the Trillions they now hold Worthless!

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