Nationalize Fannie Mae? It worked until it was privatized »
Posted By Wil 1 year, 2 months ago in Business & FinanceIn the past several days, before the U.S. Treasury Department acted to seize Fannie Mae and Freddie Mac, several people asked me if I thought it was a good idea for the government to "nationalize" the two mortgage giants. In virtually none of the coverage of the Bush administration's latest emergency action did anyone bother to tell the backstory. Fannie Mae began life as a government invention. It was born "nationalized" -- and it worked beautifully until it was privatized.
Read Full Story at alternet.org »
175 Views Share Story 2 Comments Report
Submitted By:
Wil
I was a Propeller Scout, and I ran the Geeks Group. AOL sent me to the land of Wind and Ghosts, though, so I don ...
RSS Join the Discussion
+ Add CommentComments So Far: 2 (view all)
-
Neutral
VicRugby1 year, 2 months ago
This comment is below the standard viewing threshold View It ยป
Mac and Mae worked until the government got involved in the home mortgage process.
Reply -
Shankari25Comment removed: Retracted by user
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.