“The Rogers Holdings CEO had little confidence that Democratic presidential nominee Sen. Barack Obama, Ill., or Republican vice-presidential nominee, Alaska Gov. Sarah Palin, would be able to do anything to steer Fannie or Freddie on a more stable path.”
What’s McCain? Chopped liver?
“What’s McCain? Chopped liver?”
Didn’t you know? It’s Obama v Palin now. McCain’s at the grown-up table. Obama’s so egotistical he doesn’t even realize that the more he identifies himself with the VP candidate, the more voters will too.
Fanny and Freddy have been overstating their assets. The world discovered this and now they can’t raise money for mortgages at reasonable rates. Those rates have to be passed through to the homeowners. By taking over the institutions the mortgages are now backed by the US government. This might bring down homeowner rates, but it could also raise Treasury rates because of the huge amount of money concerned.