What’s the Story behind Gas Shortages? Posted September 30th, 2008 at 5.03pm in Energy and Environment. In the 1970s when gas prices were soaring, the federal government implemented price controls to replace expensive gas with scarce gas causing consumers to wait for hours to fill up their tank. [...]
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As GSEs, Fannie and Freddie purchased 44% of subprime mortgage securities and were the biggest buyer of Countrywide loans. They became an industry duopoly, owning or guaranteeing about half the $12 trillion mortgage market. … Read the rest of the post here: Mortgage Socialization Share and Enjoy:
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Tuesday, September 30, 2008
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