We have been keeping track of California’s so-called high-speed rail project, backed by governor Jerry Brown and facing huge problems. As in Blazing Saddles, one thing stands in the way of the land they need: the rightful owners. The farmers, in particular, are not eager to sell. The project will supposedly cost $68 billion,…
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Do you remember Fannie Mae? Or rather, the Federal National Mortgage Association, the government-supported enterprise which was bailed out and taken over by the U.S. Treasury Department back on September 7, 2008? If not, ProPublica summarizes what happened to the government-backed corporation at that time: On Sep. 7, 2008, the government took over Fannie…
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