Undoubtedly the biggest financial news of the week is the federal government's bailout of Fannie Mae and Freddie Mac—something officials have been saying for months wouldn't happen. While on the surface Uncle Sam's takeover seems like it will only impact homeowners who have mortgages through Fannie and Freddie, the move could have larger repercussions for the economy in general. Already Wall Street and the Dow rallied today after news of the bailout came down. Yet while some analysts say that the move could have a long-term, positive impact on the health of the economy (which obviously has a strong impact on entrepreneurs, small business owners, and oh, everyone else), others like the New York Times' Paul Krugman are less optimistic. "Save the home lenders, save the world? If only it were that simple," he writes.
So what do you think? Do you expect the government bailout of Freddie and Fannie to have any eventual impact—for better or worse—on the economy, your business, or financial health? Perhaps more significantly though, as a small business owner, entrepreneur, or regular Joe, do you even care? Tell us what you think in the comments section below!
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