September 10, 2008
..."If Fannie and Freddie were to fail, that could trigger a real banking crisis," said Delores Conway, director of USC's Casden Real Estate Economics Forecast. "This bailout is for the greater good." It's unclear how much of taxpayers' money will be used for the bailout. Current estimates say it could run as high as $200 billion. That's about $655 for every man, woman and child. "It's tough," Conway said. "The pain is being spread among consumers who were honest, ethical and forthright."...