The Inevitable

September 28, 2008 at 9:47 am (Sub-Prime Crisis, U.S. Markets) (, , , )

As Crisis Grew, a Few Options Shrank to One

 

Quasi-Government Companies

“For Freddie Mac, the beleaguered mortgage finance giant that was desperately trying to avoid a government takeover, the moment of truth came three weeks ago.”

Check out this article detailing the events leading up to the conservatorship of Freddie Mac and Fannie Mae:

http://www.nytimes.com/2008/09/08/business/08takeover.html?ex=1378612800&en=6eef2eca18f4bb15&ei=5124&partner=facebook&exprod=facebook

Duhigg, Charles. “As Crisis Grew, a Few Options Shrank to One.” NY Times. 7 Sept. 2008.The New York Times.8 Sept. 2008 <http://www.nytimes.com/2008/09/08/business/08takeover.html?ex=1378612800&en=6eef2eca18f4bb15&ei=5124&partner=facebook&exprod=facebook>.

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