"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