A week or so ago in news that no one could have missed, the Federal Government took over these two Government Sponsored Entities. The ramifications are not quite clear. It&39;s about the same as if the Government took over Ford and Chrysler and GM. That&39;s actually not all that far-fetched as I see where a Congressman has introduced a bill to provide $25 billion of aid in automobile industry in the Rust Belt. Who is next?What the ramifications are that for a while it will be business as usual. Rates took a drop, as I noted recently, probably largely due to the world r[...]
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[Source: The Money Blogs]
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