Well, the Federal government has taken over Fannie Mae and Freddie Mac. What does that mean for the everyday American? In the short run- there will now be less "panic" over the current motgage issues in our country, but when was the last time the government did anything better than the private sector? Read the current article in the East Valley Tribuneto draw your own conclusions. Time will tell how successful this seizure will be - how much will this bail out cost us in tax dollars and how well will the government be at running this mortagage business? We'll have to wait and see. Have a good week.
-Jenny
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