www.kansascity.com | 07/17/2008 | PRO-CON: Should the government rescue Fannie Mae and Freddie Mac? YES

Tags

This article related to: the rescue appears to have been necessary. The alternative might have been chaos. The two companies combined own about half of the $12 trillion in U.S. mortgages.<p/>Although privately owned, oped <table> </table> It’s never pleasant to see the government place the taxpayers’ money on the line to save a private company. But in this case, they usually sell them to Fannie or Freddie. The banks use the money from the extra keywords, Fannie (the Federal National Mortgage Association) and Freddie (the Federal Home Loan Mortgage Corp.) were chartered by Congress decades ago to provide a secondary market for mortgages. When banks make mortgage loans

Close Tags

It’s never pleasant to see the government place the taxpayers’ money on the line to save a private company. But in this case, the rescue appears to have been necessary. The alternative might have been chaos. The two companies combined own about half of the $12 trillion ...

Read the Full Article

www.kansascity.com | 07/17/2008 | PRO-CON: Should the government rescue Fannie Mae and Freddie Mac? YES

Please Select A Loan Type