Town Hall Meeting

05 Sep 2008

Bank Fails, Fannie Mae and Freddie Mac Reportedly Taken Over

Filed under: — Al @ 9:31 pm

Again, quietly, on a Friday after the stock market is closed and all the cable news networks are running repeats, another bank is shut down

http://www.newsday.com/business/nationworld/ats-ap-bank-closure-silver-statesep05,0,7776187.story

Note that McCain’s son was on the board of this bank and was a member of their accounting committee until 1 month ago. And perhaps more significantly, it appears Fannie Mae and Freddie Mac are going to be taken over by we the people by Monday…all $5 trillion in loans they have outstanding.

http://news.yahoo.com/s/ap/20080906/ap_on_bi_ge/mortgage_giants_crisis

Bank Failure

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