Results tagged “nationaldebt”

The Bush administration's $700 billion request to bail out bad mortgages was formally sent to Congress today. From the Washington Post:

The package, the most sweeping government intervention in the markets since the Great Depression, was $200 billion higher than lawmakers had been told yesterday to expect. It also does not include the $200 billion that officials said earlier this month the government will spend on the rescue of Fannie Mae and Freddie Mac.

Continue reading "Government's $700 Billion Bad Mortgage Bailout"