Article

2010-06-14 Economy

Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2010-06-14 09:36|| || Front Page|| [4 views ] Top

#1 What a precise number. Good thing we have highly paid experts to figure these things out.

And I'll bet it will end up being over $1T.

Posted by gorb 2010-06-14 09:53|| 2010-06-14 09:53|| Front Page Top

#2 Don't know what the ruckus is all about, gorb. It is less than an order of magnitude in range.

Posted by Alaska Paul 2010-06-14 10:01|| 2010-06-14 10:01|| Front Page Top

#3 Yeah, I guess I was thinking of the situational awareness citizens are supposed to have over their private finances and forgot this was government.

Posted by gorb 2010-06-14 10:28|| 2010-06-14 10:28|| Front Page Top

#4 If housing prices drop further, the companies may need more.

Sounds like the government has a vested interest in inflation. How can you have affordable housing when the government has a vested interest in housing inflation? How can American workers compete in a global market when they need so much money just to buy a home? Bottom line: they can't...unless you finance it all with funny money.

Foreign governments, including Chinas and Japans, hold $908 billion of such bonds, according to Fed data.

And so it seems they did finance it all with funny money. Only it's not so funny. We've been sold down the river. Any lingering doubt about the ruling class's malevolence has now been eliminated. A benevolent government would never sell us out to a hostile foreign power like China...unless, of course, they planned on reneging from the get go which doesn't seem to be an honorable course of action.

Posted by Ebbang Uluque6305 2010-06-14 13:11|| 2010-06-14 13:11|| Front Page Top

#5 Fanie Freddie = Black Hole.

Posted by JohnQC 2010-06-14 14:21|| 2010-06-14 14:21|| Front Page Top

#6 I don't know if these people are stupid or if the actual 'Prime Directive' is to bankrupt the US. Wouldn't be surprised if all this cr*p coming out of the WH & Congress was just a 'show' and the real goal by 'whomsoever' was indeed to severely cripple us financially for the long-term.

Posted by Mullah Richard 2010-06-14 22:57|| 2010-06-14 22:57|| Front Page Top

23:56 Betty Huputer2738
23:48 Mike Hunt
23:46 Mike Hunt
23:09 Anguper Hupomosing9418
23:08 Redneck Jim
23:07 Anguper Hupomosing9418
23:05 Redneck Jim
23:03 Anguper Hupomosing9418
22:57 Mullah Richard
22:12 DarthVader
21:42 Nimble Spemble
21:39 Besoeker
21:37 Besoeker
21:32 phil_b
21:29 Pappy
21:23 Pappy
21:20 Whitle Borgia2803
21:16 JosephMendiola
21:14 Dash Riprock
21:13 Besoeker
21:10 Besoeker
21:08 Deacon Blues
21:06 Besoeker
21:06 JosephMendiola