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



Click for torture scandal links
Dead because of a lie. Dead because selfish people in government wanted a war and lied to get one. How can you not be angry?



Comments
this is huge. seriously,
bullbiscuitsthis 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
dragline190dIt will be interesting to see how China and Japan react when the new stocks are issued rendering the Trillions they now hold Worthless!