7.11.2008

The fall of the house of cards

Senate passes foreclosure bill:
To make it more palatable to Republicans, the Senate measure would take responsibility for any losses away from taxpayers and instead cover them by diverting a newly created affordable housing fund drawn from Fannie Mae and Freddie Mac profits.

Fannie Mae and Freddie Mac? Haven't I heard something about them recently?

No comments:

White House considering new tax-deferred accounts to encourage investing

CNBC : As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest...