September 09, 2008 at 15:00 PM EDT
Death of Fannie, Freddie Only the Beginning
As the world celebrates the US government's takeover of Fannie Mae (FNM) and Freddie Mac (FRE) a few thoughts from someone who told you 2 years ago that this would happen. For those few who dare to see past the market's immediate positive reactions this is all a very long-term negative for the U.S. and the world in general.The following 3 bullet points were written by Alex Barron of Agency Trading Group:"1. From a philosophical economic standpoint what the government has done is the biggest move yet in the direction of socialism and has prevented the free market from working ...
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