TITLE

Sharing Blame for Freddie, Fannie

AUTHOR(S)
Royce, Ed
PUB. DATE
October 2008
SOURCE
Orange County Business Journal;10/13/2008, Vol. 31 Issue 41, p91
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author reflects on the plan of Treasury Department to address the current market turmoil through a $700 billion bailout program in Orange County, California. He stated that the Treasury Department's buy out of Fannie Mae and Freddie Mac noted the official failure of the private-public experiment concocted by Congress. He believes that the status quo is not an alternative considering Washington's many failure in dealing of Fannie and Freddie.
ACCESSION #
34990186

 

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