This is serious information on the economy.
The former FDIC head who helped revive banking confidence after the S&L debacle in the late 1980s said "the only real productive alternative" is to nationalize Fannie Mae FNM and Freddie Mac(FRE
Shares of the government-sponsored mortgage entities have been in a death spiral this week on mounting fears they will require a bailout that could essentially wipe out shareholders. |
Read the rest of the story HERE:
At www.marketwatch.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
