NAR Economist’s Commentary: September 22, 2008

25 Sep 2008, 15:06:08 by turftown

A massive $700 billion bill will be fast-tracked through Congress this week to give the U.S. government the authority to buy bad mortgages off the books of Wall Street firms. People are calling it the ‘mother of all bailouts’ and the ‘biggest bailout in the history of mankind.’ I am inclined to view it as the biggest sovereign wealth fund investment to date.

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