WSJ on Fannie and Freddie

[bsrsharma]

"counting on only a 5% decline"

I suspect that is the trigger that will initiate the chain reaction that will eventually meltdown Fannie & Freddie. Any moron can see that there will be much more than 5% decline. When Fannie & Freddie fail, the catastrophic consequences will make the current problems seem minor. If the treasury tries to intervene and help, the virus can easily jump to treasuries, causing a $ collapse. 2008 will be one scary year.

[4plexowner]

http://www.housingwire.com/2007/11/21/freddie-mac-faces-legal-heat-over-losses/

Legal actions and negative publicity against the GSEs will reduce the chances of our Congress approving an increase in loan limits or portfolio size

Voting to expand Fannie and Freddie might be seen as a potential liability in the 2008 elections so our steadfast leaders will postpone making any decision until 2009

[4plexowner]

http://www.housingwire.com/2007/11/21/freddie-mac-faces-legal-heat-over-losses/

Legal actions and negative publicity against the GSEs will reduce the chances of our Congress approving an increase in loan limits or portfolio size

Voting to expand Fannie and Freddie might be seen as a potential liability in the 2008 elections so our steadfast leaders will postpone making any decision until 2009

[4plexowner]

http://www.housingwire.com/2007/11/21/freddie-mac-faces-legal-heat-over-losses/

Legal actions and negative publicity against the GSEs will reduce the chances of our Congress approving an increase in loan limits or portfolio size

Voting to expand Fannie and Freddie might be seen as a potential liability in the 2008 elections so our steadfast leaders will postpone making any decision until 2009

[4plexowner]

http://www.housingwire.com/2007/11/21/freddie-mac-faces-legal-heat-over-losses/

Legal actions and negative publicity against the GSEs will reduce the chances of our Congress approving an increase in loan limits or portfolio size

Voting to expand Fannie and Freddie might be seen as a potential liability in the 2008 elections so our steadfast leaders will postpone making any decision until 2009

[4plexowner]

http://www.housingwire.com/2007/11/21/freddie-mac-faces-legal-heat-over-losses/

Legal actions and negative publicity against the GSEs will reduce the chances of our Congress approving an increase in loan limits or portfolio size

Voting to expand Fannie and Freddie might be seen as a potential liability in the 2008 elections so our steadfast leaders will postpone making any decision until 2009

[Ex-SD]

Schumer has always been an idiot and I could never understand how he kept getting elected and eventually ended up in the U.S. Senate. I remember when he was a congressman and attempted to introduce a bill to tax each bullet sold (I believe it was somewhere in the neighborhood of $5 a bullet). The guy is a french fry short of a happy meal so his latest antics do not surprise me.

[Ex-SD]

Schumer has always been an idiot and I could never understand how he kept getting elected and eventually ended up in the U.S. Senate. I remember when he was a congressman and attempted to introduce a bill to tax each bullet sold (I believe it was somewhere in the neighborhood of $5 a bullet). The guy is a french fry short of a happy meal so his latest antics do not surprise me.

[Ex-SD]

Schumer has always been an idiot and I could never understand how he kept getting elected and eventually ended up in the U.S. Senate. I remember when he was a congressman and attempted to introduce a bill to tax each bullet sold (I believe it was somewhere in the neighborhood of $5 a bullet). The guy is a french fry short of a happy meal so his latest antics do not surprise me.

[Ex-SD]

Schumer has always been an idiot and I could never understand how he kept getting elected and eventually ended up in the U.S. Senate. I remember when he was a congressman and attempted to introduce a bill to tax each bullet sold (I believe it was somewhere in the neighborhood of $5 a bullet). The guy is a french fry short of a happy meal so his latest antics do not surprise me.

[Ex-SD]

Schumer has always been an idiot and I could never understand how he kept getting elected and eventually ended up in the U.S. Senate. I remember when he was a congressman and attempted to introduce a bill to tax each bullet sold (I believe it was somewhere in the neighborhood of $5 a bullet). The guy is a french fry short of a happy meal so his latest antics do not surprise me.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[j]

What if the dollar collapses? Too late, it is in free fall.

Looks like that is the Fed’s plan to help the banks and pension plans. The collapse of pension plans will be a big story in the next few months (audits start in Jan). Many of those are government pension funds that tax payers will be bailing out. Most cities and States will have financial issues like San Diego had, and San Diego will get much worse.

The Governator has already called for a 10% budget cut next year.

[Author]

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