WASHINGTON -- Fannie Mae & Freddie Mac (pictured above) express relief following their rescue by the Treasury Department. Signs of trouble had been building for months as fiscal watchdog Lassie ran between Fed chairman Ben Bernanke and President Bush, barking frantically. Both men repeated "checked the well" and reported with growing frustration that "`Timmy's not in there." Over the weekend Treasury Secretary Henry Paulson overheard Lassie while visiting the Fed, stopped Bernanke on his way to the well and exclaimed, "It's Fannie and Freddie, they're in trouble, we've got to rescue them." Paulson quickly cobbled together a rescue package and was able to save the plucky duo, although he was later forced to return to the Fed and pull Bernanke out of the well.
"Freddy & Fanny are in no danger and the economy is saved", said a relieved President Bush "And I must say, if it weren't for Lassie our entire economic system, and perhaps civilization as we know it, might have collapsed. That's why dogs are better than cats - heh, heh."
"Freddy & Fanny are in no danger and the economy is saved", said a relieved President Bush "And I must say, if it weren't for Lassie our entire economic system, and perhaps civilization as we know it, might have collapsed. That's why dogs are better than cats - heh, heh."
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