The biggest taxpayer bailout in the history of the United States is inevitable.
The inevitability of a taxpayer-funded bailout of Freddie Mac and Fannie Mae, the hobbled mortgage behemoths, shook investors last week, and shares in both companies plummeted on fears that existing stockholders would be wiped out.
These government-sponsored entities guarantee or hold $5.2 trillion in [...]

If hundreds of banks are going to fail, we need to be asking why. Who is responsible?
NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor [...]

The fit is just beginning to hit the shan. Two pseudo-private companies, Freddie Mac and Fannie Mae, are wobbling a bit. Teetering a little. Standing on the brink and realizing the drop is pretty far. Washington is in a tizzy. This is what happens when you have a monetary system that is faith based. Fiat [...]