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Entries from Gothamist tagged with 'nationaldebt'

September 20, 2008

The Bush administration's $700 billion request to bail out bad mortgages was formally sent to Congress today. From the Washington Post:The package, the most sweeping government intervention in the markets since the Great Depression, was $200 billion higher than lawmakers had been told yesterday to expect. It also does not include the $200 billion that officials said earlier this month the government will spend on the rescue of Fannie Mae and Freddie Mac. To accommodate......

Continue Reading "Government's $700 Billion Bad Mortgage Bailout"

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