The mortgage bailout is an effort to keep people in houses, even if they can't afford them. It keeps homes from going back on the market where competition would further lower the price level.
The Bush attempts to buy stock directly in the two Fannies are almost equally embarrassing, being a bailout of shareholders that in no way affects the viability of the business, which is guaranteed by the government anyway. Let them all go broke.
The Bush attempts to buy stock directly in the two Fannies are almost equally embarrassing, being a bailout of shareholders that in no way affects the viability of the business, which is guaranteed by the government anyway. Let them all go broke.