How did it make so much money? The papers report that it cleverly bought up debt that no one wanted…Wall Street’s mistakes.
January 14th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Freddie and Fannie"
Freddie and Fannie Hit Hard as Stock Falls to its Lowest Since 1995
Freddie Mac and Fannie Mae are to America’s great empire what the East India Company was to the British Empire in the 19th century…and the Louisiana Company was to France in the 18th.
July 9th, 2008 | Bill Bonner | 0 comments | Continued