From the New York Times:
Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage-finance giants, that the government is preparing a plan to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said.
The [...]
(Updated below)
It’s not getting any better. It’s time to make decisions — four more years of the same economic policies we’ve had for the past eight years?
The unemployment rate jumped to 6.1 percent in August, its highest level in five years, pushing the job troubles of American workers onto the political stage as the presidential [...]
(Update I and Update II below)
Barack Obama gave a major speech in New York today on the economy. He called on sweeping changes in the regulatory system and posited that "what was bad for Main Street was bad for Wall Street." Focusing on the disparity between people and large corporations, Obama said, "we’ve lost [...]
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