The Bailout’s Big Lessons

Sep 9th, 2008 | By David Harper | Category: Opinion

The New York Times Editorial: As an act of crisis management, the government takeover of Fannie Mae and Freddie Mac, the mortgage-finance giants, was a reasonable and reassuring move.

It ensures the flow of mortgage credit and is likely to reduce mortgage rates, which are important steps toward the eventual recovery of the ailing United States housing market.

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