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Why US Treasury had to plug the leaky dam.
Publication: Investment Adviser Publication Date: 29-SEP-08 |
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COPYRIGHT 2008 FT Business
Byline: Jim Leaviss
The government bailout of mortgage companies was necessary to restore confidence and stop capital flight from the US
My recent research trip to Washington took place just before the US Treasury bailout of the government sponsored enterprises (GSEs) Freddie Mac and Fannie Mae and there was tangible nervous anticipation in the air that something big was about to happen. As we now know, Fannie and Freddie was just the beginning.
The shocking rise in...
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