The Saga of Fannie and Freddie

Watch out for the Moral Hazards
Kudlow's Money Politic$

"Too big to fail” was the verdict in the U.S. Treasury decision to backstop mortgage lenders Fannie Mae and Freddie Mac. But is the taxpayer risk of moral hazard still as big as ever? (Read more of Kudlow.)

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Administration presses for mortgage giant rescue
MiamiHerald.com

By JULIE HIRSCHFELD DAVIS
Associated Press Writer

WASHINGTON -- The Bush administration lobbied skeptical lawmakers Wednesday to support a rescue plan for Fannie Mae and Freddie Mac, as lawmakers weighed how to protect taxpayers while still giving the government unfettered power to pour money into the mortgage giants.

The administration's request for urgent action to prop up the troubled companies has sparked concern in .....