harp

Whether or not you think the billions invested in saving the financial industry was worth the cost, the banks were saved. And at least one of those bailouts actually turned a big profit.

Fannie Mae (FNM) and Freddie Mac (FRE), two wards of the government, have announced they will lower lending standards to encourage refinancing for mortgage holders who have gone underwater due to falling prices. The new push comes as the Washington Business Journal reports that Freddie received an...