Welfare as We Know It Now

Dean Baker writes for Truthout: "With the Fed lowering interest rates and Fannie and Freddie buying up their junk bonds, the hedge fund managers may be able to make it through the housing market crash relatively unscathed. It might take a lot of help from the government to ensure their fortunes, but the rich are different from you and me."

//www.truthout.org/docs_2006/081307F.shtml



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