From Russia With Love: Did Putin Attempt to Force the U.S. to Bail Out Government-Sponsored Mortgage Giants?



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From Russia With Love: Did Putin Attempt to Force the U.S. to Bail Out Government-Sponsored Mortgage Giants?

Who needs foreign enemies when you've got Congress to do their dirty work for them? In 2008, Russia apparently attempted to make a pact with China to force the U.S. to bail out government-sponsored enterprises Fannie Mae and Freddie Mac. The plan, first reported in former Treasury Secratary Hank Paulson's memoirs, failed. But, like a football team that forgets which end of the field its goal posts are on, we ended up bailing out the two giant, quasi-public mortgage agencies ...