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Economic news

posted Jul 24, 2011, 5:31 PM by Boyce Crownover   [ updated Jul 24, 2011, 5:31 PM ]
Monday, July 14, 2008, 07:30 AM
Posted by Administrator
When I heard about the Freddie Mac and Fannie Maye "bailout" (actually relaxing of regulations and potential for additional credit) my gut reaction was displeasure. Now I hear that they are held in large part by foreign investors, and chartered by the US government.

On the plus side, the dollar gained again. Woo-hoo!