Wednesday, September 30, 2009

GM, Ford Fight To Keep Government Bailouts, Say Detroit Is Not Wall Street

Earlier this month, mortgage lending giants Fannie Mae and Freddie Mac, which collectively own or guarantee roughly $5 trillion in mortgages, were seized by the U.S. government to prevent an even more catastrophic housing industry collapse. Last week, when global investment firm Lehman Brothers began to go belly up, the federal government wasn’t nearly as charitable and on Monday, Lehman

No comments:

Post a Comment