http://www.telegraph.co.uk/money/
main.jhtml?view=DETAILS&grid
=&xml=/money/2008/09/07/ccfreddie107.xml
I wrote the previous article after reading several articles on this subject. It did not have to ever come to this. It has all been completely unnecessary. If anyone in government had been doing their jobs not of this should have been necesary.
Putting Fanny Mae which I'm told carries 1/2 the mortgages on private housing in America completely funded now by the U.S. Treasury is just another recipe for disaster for our country. How much more ridiculous can it get than this? The next President might have to be like FDR with programs like the Civilian Conservation Core etc. just so people can get work building bridges and highways like during the Great Depression so they don't all starve to death. All this is a travesty for American Government!!!
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