And there you have it, folks. 85 billion down the drain. Fannie & Freddie's regulator says their book is so large that its unreal to expect the quasi government agenices to pay back its debt. When will Social security and Medicare come out with their similar findings?
No matter where you stand on the end of the housing bubble or just a temporary increase, long term it looks like the US made a bad bet in bailing out Fannie & Freddie.
Saw your post on Soot and Ashes.
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Great ! We need an alternative to Keith's blog since he's lost interest.
edenz
Welcome aboard...all we ask is that you bring strong and thoughtful opinion!
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