[quote=CA renter]
Except that they have been using up all of their ammunition and there will be precious little left when the SHTF moment happens. They have masked the problem by *growing* the problem. The 2008 crisis was more difficult for them to manage than the 2000/2001 crisis, and the next one will be even worse because the numbers are growing larger and the problems are becoming more systemic with every new manufactured crisis.[/quote]
to give ya an idea how bad I think it is consider that Fannie Mae and Freddie “The two GSEs have outstanding more than US$ 5 trillion in mortgage-backed securities (MBS)”
BUT that MBS figure is dwarfed because the unfunded public pensions alone I read is in the 4.1 trillion dollar range, and the real “unfunded” public pension figure basically doubles if one considers health care costs
[quote=CA renter]
There is no smoke, nor any fire, from what I can see. If you have any evidence or reason to believe that there was fraud, please make your case.
[/quote]
been checking back every once in a while to see if anyone had something to add/say
