Government To Take Over Big Two Lenders

American Voices • Economy • business • ISSUE 44•37 • Sep 9, 2008

The federal government announced this weekend that it would seize control of Freddie Mac and Fannie Mae, the country's two biggest mortgage firms, in order to keep them afloat. What do you think?

“Crap! Almost my entire Fantasy Privatized Social Security portfolio was in Freddie Mac.”
Marc Rose –
Welder
“Nothing rectifies out-of-control market failures like a healthy dose of government intervention and mountains of bureaucracy.”
Julie Meyer –
Farmer
“I think the government should let them go broke and give some of America's mom-and-pop mortgage lenders a chance.”
Max Ramzi –
Roofer

More American Voices

Apple Dodged Billions In Taxes

Apple CEO Tim Cook was questioned by lawmakers today, following a congressional report that showed how the company used a complex web of offshore subsidiaries ...

American Consumers Happiest Since 2007

Americans’ confidence in the U.S. economy reached its highest level since July 2007, according to the latest reading of a leading consumer sentiment index.

Yahoo Buying Tumblr For $1.1 Billion

As part of CEO Marissa Mayer’s strategy to expand the company’s social and mobile presence and attract younger users, Yahoo will purchase the ...