视频下载

In the attempt to prevent a bad situation from growing even worse, the govenment announces its taking over Fannie Mea and Freddie Mac which own or guarantee about half the nation's mortgages.

"Fannie Mae and Freddie Mac are so large and so interwoven in our financial syetem that a failure of either of them would cause great turmoil in the financial markets here at home and around the globe."

The companies have been crippled as home values drop and foreclosures raise. And so studying today Fannie and Freddie will be placed in the government conservatorship. It means for a limited time the treasury department will provided as much money as is needed to cover any losses and continue guaranteing new mortgages.

"You have to look back to the days of the great depression to see such a huge government intervention with such major implications."

In fact it is the largest ever takeover of a financial institution by the federal government in the American history. On Colorado over the weekend, Republican Vice President Candidate Sarah Palin told voters the companies have become too big and too expensive.

"The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help."

Democratic Presidential Candidate Barack Obama spoke the need to protect the tax payers.

"We are gonna have to carefully address those situations, but we must not allowed government intervention to protect the investors and speculators who relied on the government to rape massive profits."

The takeover is expected to cost tax payers between $25 and $50 billion, but analysts say that's nothing compared to what it would have cost had Fannie and Freddie been allowed to fail.

>>参与论坛节目：

>>相关事件专题汇总：