Originally printed in The Flyer on Sept. 16, 2008.
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On Sept. 8, the federal government announced that it would be placing Fannie Mae and Freddie Mac, two of the country’s largest mortgage lending companies, into a "conservatorship." This was done in an effort to calm the financial world and to ensure the continuing flow of capital into the mortgage market. The saddest part of the whole thing is that this did not need to happen.... (Link to article.)
