World-News

Kevin G. Hall, of McClatchy Newspapers: "The Bush administration's pledge to rescue ailing housing finance giants Fannie Mae and Freddie Mac raises anew questions about just when the nation's dismal housing market will hit bottom. Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson have suggested over the past year that an end is in sight. But with each prediction, things have grown worse. For many homeowners, the deep housing slump feels like a drop off a skyscraper."

http://www.truthout.org/article/housing-prices-havent-hit-bottom-yet

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Who will be able to pay these taxes?

Nolan Chart
by Dan Steward

07/23/08

The House of Representatives today decided to ignore the true causes of intense pain in the housing market, and let Freeloading Freddie Mac and Fiendish Fannie Mae get a pass for ripping off American home buyers and the taxpayers. They seldom get it that when any market stumbles and falls, it’s because the government pushed them...

http://www.nolanchart.com/article4317.html


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=house+price
http://freepage.twoday.net/search?q=Fannie+Mae
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Paulson
http://freepage.twoday.net/search?q=Kevin+G.+Hall