Dr. Peter Morici: Can the Fannie Mae/Freddie Mac bailout work?
Sep 10th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Treasury Department has placed Fannie Mae and Freddie Mac under federal conservatorship and booted the senior management. This bailout will impose needed reforms in the companies' business practices. And, contrary to much conventional wisdom, the cost to the taxpayer may not be large - that is, if the federal government gets Wall Street to help.