Four weeks later Fannie and Freddie have been ordered to acquire $40 billion a month in “troubled assets.”
I recently ran into a moving bus and have forgotten the reason why the two GSEs were originally “rescued.”
Was it because they bought a lot of tulips? Was it because they speculated in the Mississippi river basin? Did they invest heavily in beanie babies?
Srsly, what exactly are they drinking in DC?
Via Robert Wenzel.