Sunday, September 7, 2008

Open Thread: Freddie Mac/Fannie Mae Bailout

The Feds announced a bailout of mortgage firms Freddie Mac and Fannie Mae, averting a possible financial disaster. The CEOs of the firms have been ousted and the mortgages will be managed by the government. Fox News has more here.

What effect, if any, will this bailout have on the stock market come tomorrow morning? How will taxpayers be affected? Post your thoughts...keep it civil and clean.

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