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Post by AztecWilliam on Aug 12, 2010 22:04:19 GMT -8
Fannie Mae and Freddy Mac were deliberately left out of the recently passed financial "reform" act. To have included them would have been more than embarrassing. Now, however, the Obama admin. cannot ignore those two giant turkeys, quasi-governmental bodies that had a lot to do with the financial meltdown of 2008. It's going to cost a bundle. A BIG bundle. www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/08/13/one_more_bailout/AzWm
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Post by The Great Aztec Joe on Aug 13, 2010 7:21:36 GMT -8
That and the massive default rate on Student Loans is going to hurt.
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Post by aztecjake on Aug 13, 2010 20:41:17 GMT -8
.....and the defaults on the credit cards as well as the small and mid-size business loans. Get ready for the ride.
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