Independent Investigative Journalism Since 1995


donate.jpg (7556 bytes)
Make a secure online contribution


 

consortiumblog.com
Go to consortiumblog.com to post comments


Get email updates:

RSS Feed
Add to My Yahoo!
Add to Google

homeHome
linksLinks
contactContact Us
booksBooks

Order Now


consortiumnews
Archives

Bush End Game
George W. Bush's presidency since 2007

Bush - Second Term
George W. Bush's presidency from 2005-06

Bush - First Term
George W. Bush's presidency, 2000-04

Who Is Bob Gates?
The secret world of Defense Secretary Gates

2004 Campaign
Bush Bests Kerry

Behind Colin Powell's Legend
Gauging Powell's reputation.

The 2000 Campaign
Recounting the controversial campaign.

Media Crisis
Is the national media a danger to democracy?

The Clinton Scandals
Behind President Clinton's impeachment.

Nazi Echo
Pinochet & Other Characters.

The Dark Side of Rev. Moon
Rev. Sun Myung Moon and American politics.

Contra Crack
Contra drug stories uncovered

Lost History
America's tainted historical record

The October Surprise "X-Files"
The 1980 election scandal exposed.

International
From free trade to the Kosovo crisis.

Other Investigative Stories

Editorials


   

Bush 'Nationalizes' Mortgage Giants

By TheRealNews.com
September 9, 2008

Though the Bush administration refuses to use the word, its takeover of Fannie Mae and Freddie Mac amounts to “nationalizing” the two mortgage giants.

The Bush administration prefers to describe its action as placing the embattled lenders in a “conservatorship,” but the drastic move means the government has taken control in a desperate bid to get a handle on the slumping housing market.

(The written story continues below.)

AFL-CIO chief economist Ron Blackwell says, "Housing prices are falling faster presently than during the Great Depression. This is very serious."

TheRealNews.com is an independent news network that produces stories of global interest. 

To comment to us by e-mail, click here.


homeBack to Home Page


 

Consortiumnews.com is a product of The Consortium for Independent Journalism, Inc., a non-profit organization that relies on donations from its readers to produce these stories and keep alive this Web publication.

To contribute, click here. To contact CIJ, click here.