Tuesday, July 22, 2008

Solvency Crisis

Ta-Nehisi asks his commenters to explain a few things about the Fannie Mac and Freddie Mae situation, and I listen in, cuz I don't know shit about that stuff.

It's a pity the death of IndyMac became just a "Schumer To Blame?"-fest instead of an opportunity for American citizens (like me) to learn how our economy is structured.

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