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bank failures: Government Bail Out - Fannie Mae Freddie Mac - Should we have seen this coming? - 10/01/08 02:52 PM
Everyone will agree that American is now facing some of the most difficult times since the great depression.  Republicans and Democrats alike are pointing fingers in hopes of steering the vote and gaining public support.  Recently Fannie Mae and Freddie Mac lost control and as a result the government had to step in and initiate yet another bail out.  Many are asking, "How did we get to this point?" "Why is our economy on the brink of failing and sending us into another recession?
Steven Holmes, a writer for the New York Times, may have been right on the money with his … (2 comments)

 

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