200 Billion for the Mortgage Market
March 21st, 2008
Legislators have again released a total of $200 billion in the form of financing for the embattled house markets to avoid further problems. As usual, they were greeted with delight by some and criticism by others. The two major players in the sub-prime mortgage market; Fannie Mae and Freddie Mac have already posted losses in the billions and the crisis is still not over. These two major players have long been at work in fixing their garbled financial records in hopes of making them easier to interpret. The infusion of money by the Federal Government was said to be aid to a failing market that has global implications and has the potential to ruin more lives than those who are affected locally.



