Friday, August 29, 2008

Employees of Fannie Mae Are Being Cheated.

http://www.nytimes.com/2008/08/29/business/29fannie.html This is reminescent of the Enron Scandal. If workers are not able to diversify there stock investments, they will lose out financially, if and when the company does. And if Fannie Mae goes under, our entire market economy would then fall like a house of cards. This is also why Social Security must not be privatised. The stock market is not a secure investment, when it comes to long term savings.

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