U.S. Rescue Seen at Hand for 2 Mortgage Giants

[Matter-Eater Lad]

WASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to place the two companies under federal control, officials and company executives briefed on the discussions said.

 

http://yglesias.thinkprogress.org/archives/2008/09/the_takeover_2.php

 

 

 

 

 

The government is buying up the private sector. Were modeling our government and economy after China. That's never a good thing.:\

 

In the next 20-30 years every thing will be owned by Washington. Do we need anymore proof that the parties are both the same in the US?