World-News

Mike Whitney: An Interview With Michael Hudson

The best that this weekend's bailout can do is to postpone the losses on bad mortgage debts. But this is a far cry from actually restoring the ability of debtors to pay.

http://www.informationclearinghouse.info/article20709.htm



Why The Fannie-Freddie Bailout Will Fail

By Martin D. Weiss, Ph.D.

With yesterday's announcement of the most massive federal bailout of all time, it's now official: Fannie Mae and Freddie Mac, the two largest mortgage lenders on Earth, are bankrupt.

http://www.informationclearinghouse.info/article20707.htm



US Waves Goodbye to Prosperity and Democracy

By David Hirst

If you were wondering what all the flag-waving at the Republican convention has been about, it is now clear. Americans are waving goodbye to the prosperity the nation has enjoyed since the Great Depression and a final goodbye to democracy. But while preparation for the most important decision made in the nation's post-depression financial history towered above the conventions, I don't think the fate of Freddie and Fannie and the remaining government-sponsored enterprises (GSEs) was mentioned during either convention.

http://www.informationclearinghouse.info/article20708.htm



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