Daily Archives: September 6, 2008

Brother can you spare 1,000,000 bazillion dimes? (Updated)

Well, well, well. Here’s a surprise. If you’ve been in a coma for the past eight years (via The Washington Post):

The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, dismiss their top executives and prop them up financially, federal officials told the two companies yesterday, according to three sources familiar with the conversations. Continue reading

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Filed under Economy, Fail Watch, Greed