Archive for February 12th, 2011

Obama’s Bailout of Fannie Mae and Freddie Mac: $153 Billion and Counting


Saturday February 12th, 2011   •   Posted by David Theroux at 1:15pm PST   •   4 Comments

Central to the federal government’s creation of the sub-prime mortgage bubble and the subsequent economic collapse and recession, Fannie Mae and Freddie Mac (“government-sponsored enterprises” or GSEs) are now the target of a massive new bailout by the Obama administration of $153 billion and counting, all in the name of winding these agencies down....
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