Yes, send Freddy and Fanny down a dead-end one way street and SURPRISE!!!! As Crisis Grew, a Few Options Shrank to One
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Now a consensus was emerging that they had little choice. If Freddie’s and Fannie’s problems worsened, a crisis of confidence could spread through the worldwide financial system, deepening the difficulties in the housing market and further weakening the economy — in the midst of a hard-fought presidential campaign.