Freddie & Fannie bailed out
Today is the anniversary of the government bailout of mortgage giants Freddie Mac and Fannie Mae, the US government has invested trillions of dollars into the companies to keep them afloat. Critics say that the problem isn't that the two companies were given the money but that there has been no restructuring. Nomi Prins says that what should have been done is restructure the company so that individuals could be helped and keep their house.
Today is the anniversary of the government bailout of mortgage giants Freddie Mac and Fannie Mae, the US government has invested trillions of dollars into the companies to keep them afloat. Critics say that the problem isn't that the two companies were given the money but that there has been no restructuring. Nomi Prins says that what should have been done is restructure the company so that individuals could be helped and keep their house.
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