U.S. plan to save Fannie and Freddie
Paulson and Bernanke proposal would give mortgage finance giants bigger line of credit with Treasury and open NY Federal Reserve lending window.
Headline from CNN...this kills me, as I understand it, when a business fails, it fails.
See that little dot on the last thing I wrote, it's called a period as in IT FAILS PERIOD.
If I can't pay my bills the "Feds" take my home, when a corporation of significant "contribution" size fails it gets bailed out by the "Feds" (insert your tax dollars)
Yes YOU and I pay for the inability to conduct business.
Welcome to Detroit
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