FBI probing Fannie…
http://www.reuters.com/article/fundsFundsNews/idUSN2341763520080924
The beginning of the most apropos headline Reuters has ever published. In an effort to simplify the
Democrat, Republican, Communist, or Libertarian, $700 billion is plenty to go around, and that is just the bailout. What effects will this have on the credit crunch, the GDP, the stock and bond markets? None. Well, not none, just none that will be noticeable. For example, most
The Chinese and Japanese are going to shit, because they’ll be sitting on over $1 trillion in
Additionally, much like when
Last, but not least, Fannie and Freddie officers fucked up. If they had worked at Enron, charges would be pressed, and they would be found guilty. So where’s the problem? Nail their asses to the proverbial wall. Yeah, right, it’ll never happen. Why? Because, the two companies exist in order to keep the market stable, and so people feel comfortable in mortgage-based securities. If you indict the leadership, who will you get to run it in the future, and it will be run in the future. For years, private companies have wanted to compete with the two Macs, but the special tax treatments have left the two Macs nearly without competition. Why? Who has it benefited?
In short, please buckle your seatbelts, put your seat backs and tray tables in their upright and locked position, it’s about to get a little bumpy.
2 comments:
I read somewhere, it's like the US of A has been stabbed in the neck, and the bailout is us cleaning up the blood.
We're still bleeding.
So tell me O' Bullfrog of the MBA (Time to put on your Macro Economics hat)...
What happens when the Credit Market implodes and no businesses are able to get any sort of revolving credit?
Is this 1929, or 1989 and we are the Union of Soviet Socialist Republics? Are we talking Depression or Collapse?
Is this all a clever ploy to devalue the American Currency to the point where it becomes literally worthless, the USA declares bankruptcy and the debt floats off into the ether? Of course if that happens the economies of China, Europe and Japan are toast as well...
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