Few Stand to Gain on the Freddie/Fannie Bailout, Many Lose »

Posted By Neophile 1 year, 2 months ago in Business & Finance

Over the years, Fannie Mae and Freddie Mac showered riches on many winners: their executives, Wall Street bankers and Washington lobbyists. Now the foundering mortgage giants are leaving some losers in their wake, notably their shareholders, rank-and-file employees and, in the worst case, American taxpayers.

Read Full Story at nytimes.com »

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