July 2008

What effect will bailing out Fannie Mae have?

A Sad Day for U.S. Taxpayers and Investors By Chris Ciovacco Ciovacco Capital Management July 14, 2008, 9:00 am ET “Treasury Secretary Hank Paulson swatted back reports of government nationalization of Fannie and Freddie, which would mean making explicit what, has long been an implicit taxpayer guarantee of their liabilities. This would instantly add $5

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