Loan firms' aid is eyed

Shares of Fannie Mae and Freddie Mac sank, then recovered somewhat, on a gut-wrenching Friday as investors tried to ascertain whether the government will soon intervene to shore up confidence in the troubled ...

[Richard Vasquez]

Senater Christopher Dodd is our present U.S. Banking Committee Chairmen. Is he not also one of the Senators that voted for the Repeal of the Glass-seagall Act and voted for the enactment of the Gram-Leach-Bliley Act that opened all doors for deregulation of our our banking system in 1999??

Interesting! Now, Senator Dodd has the authority to give access to troubled mortgage finance companies and investment banks. The Connecticut Senator calls this the "Discount Window"??

Didn't Mr. Dodd recently receive something like $75,000 as a Mortgage rate discount from lending company??

[ronaldeddy]

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