Stories tagged with "FNM"
Freddie Mac/Fannie Mae bailout: Guess Who Wins
Posted by Jerome a Paris on September 7, 2008 - 12:10pm in The Oil Drum: Europe
Topic: Economics/Finance
Tags: bail out, dollar, fannie mae, fnm, fre, freddie mac, government, original, taxpayer [list all tags]
The bailout of Freddie and Fannie has just been announced by Hank Paulson, with supporting words from Bernanke. What's interesting in what's proposed, as usual, is what's unsaid. This would seem to be an incredibly ambitious gambit: a nationalisation, an attempted bailout of ALL the banks, and an open-ended commitment of taxpayer money to save the financial world.
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