| The US Government took control of Freddie Mac and Fannie Mae, the stricken companies that underpin America's mortgage market, yesterday and promised to inject up to £110 billion of taxpayers' money to keep them afloat. Barack Obama, told ABC: "The economy is weak right now. The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers, indicates that we're fragile." |
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At business.timesonline.co.uk
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.
