Saturday, September 06, 2008
Fannie Mae and Freddie Mac: The Biggest Bailout in History?
The consequences for the value of US treasuries, the global reserve currency, could be significant. Inflation and a substantial decline in the standard of living in the US just over the horizon? I will try to post updates on this story next week, one of the most important economic events of the last 50 years, as time permits, with links to analysis by Mr. Mortgage and Calculated Risk. CR anticipates that the details of the plan will be leaked on Sunday afternoon.