Friday, September 19, 2008

How Financial Madness Overtook Wall Street - TIME

How Financial Madness Overtook Wall Street - TIME: "By the estimate of William Poole, former head of the St. Louis Fed, bailing out the creditors of the two big mortgage firms, Fannie Mae and Freddie Mac, could cost taxpayers $300 billion. Think of that as about a year and a half in Iraq."

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