madeconomist

Why Oil Tripped as Fannie & Freddie Survived

This is a great explanation of the event. I tend to be a little bit of conspiration theorist. So, I believe on the other hand that some kind of deal was struck between the Chinese government and ours. That we use our good sources to hold the oil prices low for a while, as China helps us investing in Fannie and Freddie. Hence, Fannie Freddi are saved and oil falls. Order restored.