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With this in mind, it is monumentally foolish for our government to be promoting debt expansion, but that is precisely what government "guarantees" are designed to do. They are designed to boost lending.
The dirty little secret, as noted above, is that the government has no reserves with w...
ABC News In a Christmas Eve announcement, the US Treasury Department said that it would extend unlimited financial assistance to Fannie Mae and Freddie Mac, ... US extends guarantees on Fannie, Freddie through 2012AFP
Thu, Dec 24 | from TopNews United States