Question/Comment: Fannie Mae and Freddie Mac, we are told, are so big, we can’t allow them to fail. We taxpayers could end up footing the bill for as much as $200 billion. Where will that money come from? How will…
By PBS NewsHour
Shares of government-chartered mortgage giants Fannie Mae and Freddie Mac plunged to their lowest levels since 1991 in Thursday trading over concerns the companies won't be able to raise necessary capital.
Question/Comment: Karl Marx, in his work “Capital,” alluded to the idea that overproduction contributed to a general historical tendency of capitalism to be undermined by declining returns on capital. Do you think that overproduction or declining profit rates have contributed…
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