Freddie Mac And Fannie Mae Have Been Nationalized

Courtesy Donklephant  Sun, 09/07/2008 - 4:07pm

Another month, another bailout, and this one is a biggie.

From NY Times :

Mr.

Paulson’s plan begins with a pledge to provide additional cash by buying a new series of preferred shares that would offer dividends and be senior to both the existing preferred shares and the common stock that investors already hold.

The two companies would be allowed to “modestly increase” the size of their existing investment portfolios until the end of 2009,...


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