Tag Archives: fannie Mae

FTSE soars on Fannie and Freddie nationalisiation

Posted on September 8, 2008 by Misc

The FTSE 100 bounced back almost 200 points this morning as markets around the world were bouyed by the US government’s bailout of mortgage companies Freddie Mac and Fannie Mae.

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U.S. Fed takes over Fannie Mae and Freddie Mac

Posted on September 7, 2008 by Misc

In the greatest event of interventionist economics since the breakup of Standard Oil in 1911, The U.S. government announced on Sunday that it was taking control of

Posted in Business, Danger, Economy, Politics, USA | Tagged , , , , , | 2 Comments