Shareholders Blasted By Takeover Of Freddie Mac, Fannie Mae
“The move to take control of the two companies, which may be announced Sunday, could amount to the largest financial bailout in the nation’s history, and is a bid to ward off further damage to the U.S. housing market which is in its deepest downturn since the Great Depression. ‘I think all shareholders will be disadvantaged,’ Rep. Barney Frank, chairman of the U.S. House of Representatives Financial Services Committee, told Reuters.” [Link]
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