Rescue example

September 2008
Money Marketing;9/11/2008, p41
The author reflects on the conservatorship of Fannie Mae and Freddie Mac in the U.S. He asserts that this bailout effort of the U.S. government which is 25 times bigger than that for Northern Rock PLC in Great Britain, shows how deep this crisis of capitalism is. He notes that this bailout issue will have a positive affect because it will help the U.S. housing market and the global stockmarkets, and hopefully, it will begin a genuine rebuilding of confidence.


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