Well, breaking news right now at 2:40pm EDT is that the bailout plan bombed. The House vote was “sharply divided”, according to the article.
What is even more surprising to me is to watch this video from YouTube: A Congressional hearing from late 2004 about Freddie Mac and Fannie Mae warning about potential financial fallout and cleanup. Democrat after Democrat keep stating that there is nothing wrong.
Fast forward now 4 years, everyone…. It’s going to be scary times, folks.