This secular shift away from “productive” lending to businesses toward “nonproductive” lending to consumers creates a new kind of structural weakness for the American economy.
December 10th, 2009 | Douglas French | 0 comments | ContinuedAll Posts Tagged With: "freddie"
Freddie, Fannie Bailouts Leave American Taxpayers Footing the Bill
You can call it a bailout, you can call it a safety net or you can call it a rescue package,’ the paper quoted a research director at Argus Research, ‘but the bottom line is the American taxpayer is left footing the bill…
September 10th, 2008 | Bill Bonner | 4 comments | Continued