Fed Takes Boldest Action Since the Depression To Rescue Mortgage Industry
-->But Speculation That It Won't Work
Depression2: The Fed Invents a New Trick
Freddie Mac: Fed Liquidity a "Short Term" Solution Only
"I believe the country faces a critical crossroad and that the decisions that are made or not made within the next 10 years or so will have a profound effect on the future of our country, our children and our grandchildren. The problem gets bigger every day, and the tidal wave gets closer every day." - David Walker, comptroller general Aug. 2005