Government Bail Out

Posted by Jay | 9/07/2008 12:38:00 PM | , , ,

"We need laws that specify and limit the conditions for bailouts -- laws that authorize the Treasury to use taxpayer money to counter systemic financial breakdowns transparently and directly"
Alan Greenspan.

I hope government listened to Alan Greenspan.
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Govt takes over Fannie Mae, Freddie Mac

Government takes over embattled Fannie, Freddie

Full Statement of Treasury Secretary Henry Paulson on Fannie ...

RPT-WRAPUP 1-US plan for Fannie, Freddie to hit shareholders