Why Real state problems, Why freddie and f., is the FED Wrong :take a look to this videos?

Question

http://www.lewrockwell.com/blog/lewrw/archives/022037.html

Answer 1

The First in a Series of Fannie and Freddie Bailouts  July 13, 2008

The rumors floated on Friday regarding Fannie and Freddie turned out to be true.  This first bailout proposal, released a few hours ago, has three parts.  I say “first” because there is no way that this is going to be enough to save what’s headed our way nor will this be the only time the government will need to ”bailout” F&F.

The U.S. Treasury plans to seek approval for a temporary increase in the line of credit granted to Fannie Mae and Freddie Mac. They will also seek authority to buy equity in either company, and the Federal Reserve voted to allow the New York Fed to loan F&F money, if needed, giving F&F access to the Federal Reserve’s discount window.