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:

Happy Super Tuesday!