The Fannie / Freddie Bailout: Necessary, But Don’t Expect a Happy Ending
July 14, 2008
Money Morning submits:
By Shah Gilani
It’s the end of the "American Dream." It’s the story of how the inevitable bailout of insolvent housing giants Fannie Mae (FNM) and Freddie Mac (FRE) - with the Federal Housing Administration soon to follow - will ultimately lead to such sorrowful sequels as "TheDeath of the Dollar," "The Downgrading of U.S. Government Debt" and, yes, "The Depression."
The Fannie / Freddie Bailout: Necessary, But Don’t Expect a Happy Ending
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