Monday, September 8, 2008

U.S. seizes Fannie & Freddie

"The Bush administration on Sunday said it was taking over Fannie Mae and Freddie Mac, the troubled mortgage companies that play a key role in the U.S. housing industry. To keep the companies afloat, the administration said it would funnel billions of dollars in taxpayer money into the companies.
"-NPR

socialism for corporations. capitalism for the poor.

2 comments:

caveman said...

Hey,
your blog is sooo interesting. I'm a greek @ living for a few months in Chicago. We shoould meet one day!

spencer said...

I'm not a Greek, but your shit is philosophical.
P/S They've made a film out of "The Road" and it looks like it could be a winner.
Directed by the same bloke who did "The Proposition" w/ Guy Pearce (which, if you haven't seen it, is fucking great and was written and soundtracked by Nick Cave).