Rabu, 17 September 2008
US Financials Gets More Socialized Every Day. But Housing Crisis Could Worsen if AIG Allowed to Fail.
What used to be gigantic private financial institutions are now funded by taxpayers. Wait--wait--isn't the reason that healthcare isn't socialized--because it's too expensive?In the past 10 days, the Federal Government has bailed out Giant Mortgage Losers Fannie & Freddie; Tuesday night, the Treasury and the Fed agreed to bailout A.I.G.They had no choice, according to NYT:"What frightened Fed
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