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Solon · 09-08-2008, 08:12 PM

I'm surprised that the financial geniuses in these parts have left this story alone so far today. I was waiting to read what they had to say.

http://www.economist.com/finance/dis...ry_id=12078933

This is a pretty huge development, IMO. While it's clear that the feds had to do something to keep Freddie and Fannie afloat, I'm a little sick when I think of how much it might cost taxpayers in the long run.

Meanwhile, their executives have been extremely well paid (e.g. http://www.msnbc.msn.com/id/25740405/)

I don't know how all the ramifications will play out.

PS - maybe I should have put this in current events. Sorry if it's misplaced.

09-08-2008, 08:12 PM	#1
Solon Senior Member Join Date: Mar 2007 Location: Happy Valley, PA Posts: 1,866	Fannie and Freddie I'm surprised that the financial geniuses in these parts have left this story alone so far today. I was waiting to read what they had to say. http://www.economist.com/finance/dis...ry_id=12078933 This is a pretty huge development, IMO. While it's clear that the feds had to do something to keep Freddie and Fannie afloat, I'm a little sick when I think of how much it might cost taxpayers in the long run. Meanwhile, their executives have been extremely well paid (e.g. http://www.msnbc.msn.com/id/25740405/) I don't know how all the ramifications will play out. PS - maybe I should have put this in current events. Sorry if it's misplaced. __________________ I hope for nothing. I fear nothing. I am free. - Epitaph of Nikos Kazantzakis (1883-1957)