Saturday, September 06, 2008

Too big to fail

Nobody Panic: Government Seizes Freddie Mac, Fannie Mae

Oh dear, all that talk about Freddie and Fannie being "adequately capitalized" was utter bullshit and the government has now announced plans to place the failed government sponsored enterprises into conservatorship. That means the fate of the housing market and the global economy rest squarely on the shoulders of U.S. taxpayers. More »

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11/7/2024

Trump plans to dismantle Biden AI safeguards after victory | Trump plans to repeal Biden's 2023 order and levy tariffs on GPU imports.  ...