Fannie and Freddie
So the U.S. government SEIZED two giant BANKRUPT U.S. quasi-government firms (Fannie and Freddie), and the initial reaction was a market rally around the world.
The Problem: The new generation of Wall Street wizards is stubbornly secular, and a HUGE lapse in U.S. business integrity is now painfully obvious.
The Solution: Seize two bankrupt companies.
Works for me....
Sorry folks. THE EMPIRE HAS NO CLOTHES.
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