Why is the US government going to bail out Freddie Mac and Fannie Mae?

Why is the US government going to bail out Freddie Mac and Fannie Mae?
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1 Answer

Answer :

answer:Because it is Barney Frank’s pet project, and he controls the committee that oversees Fanny and Freddie. Also he gets lots of campaign contributions from the Board of Directors. Personally I think both should fail. It will hurt some people short term, but in the long run it will make the economy stronger.
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Related questions

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Is there a minimum amount of time between mortgage refinancing?

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How did Freddie mercury prepare for his future?

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Last Answer : Feel Free to Answer

Did Freddie Scott die?

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Did Freddie Mercury have children?

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Need some help: Argument essay why government should continue to bail out car industry?

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Did the Tucks get Mae out of jail?

Description : Did the Tucks get Mae out of jail?

Last Answer : What is the answer ?

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Should I ask my pop to bail me out. (See details inside...)?

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If the economy is in such bad shape that the president is signing bail-out bills, why are charge card companies allowed to increase their interest rate?

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When a felon is caught that out on bail are the co signers still liable to pay the balance?

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Annie Mae Bullock became famous under which name (both)?

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How old is Mae Jemison today?

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Did Mae C Jemison have a dog?

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What is a interesting fact Mae?

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Who is Mae jemisons boyfriend?

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What was Winnie's response when tuck and Mae talk to her while she falls asleep?

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How many children did Mae have?

Description : How many children did Mae have?

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When did Mae Jemison's father die?

Description : When did Mae Jemison's father die?

Last Answer : Feel Free to Answer

How many kid does Mae jemison have?

Description : How many kid does Mae jemison have?

Last Answer : What is the answer ?