“Modern Debt Peonage”? Why The Fannie-Freddie Bailout Will Fail
Economic Democracy Is Turning Into a Financial Oligarchy
Mike Whitney: An Interview With Michael Hudson
The best that this weekend’s bailout can do is to postpone the losses on bad mortgage debts. But this is a far cry from actually restoring the ability of debtors to pay. Continue
By Martin D. Weiss, Ph.D.
With yesterday's announcement of the most massive federal bailout of all time, it's now official: Fannie Mae and Freddie Mac, the two largest mortgage lenders on Earth, are bankrupt.Continue
Tuesday, 9 September 2008
Posted by Britannia Radio at 11:54