America's Economic Future – A Discussion By Ted Kavadas
An article in yesterday’s Wall Street Journal presents a thorough summary of the situation at Fannie Mae and Freddie Mac. The article is titled, “No Exit in Sight for U.S. As Fannie, Freddie Flail.” Here is the link to the story: http://online.wsj.com/article/SB10001424052748704362004575001042824028862.html?KEYWORDS=no+exit+in+sight+for+us I’ve commented extensively on the U.S. real estate situation, and the national attempts …
Here is a Wall Street Journal editorial on the December 24 developments at Fannie Mae and Freddie Mac. This editorial provides some new perspectives on the matter: http://online.wsj.com/article/SB10001424052748704152804574628350980043082.html My original comments on these developments was on December 28. I feel it is critically important to understand the extent of intervention as it pertains to the housing market. Fannie …
For those who may have missed it, there was a notable development on December 24 concerning Fannie Mae and Freddie Mac. Here is The Wall Street Journal link and the Treasury Dept link: http://www.ustreas.gov/press/releases/2009122415345924543.htm http://online.wsj.com/article/SB126168307200704747.html Basically the government announced plans to cover an unlimited amount of losses at both companies. It is yet another testament …