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Freddie Mac/Fannie Mae bailout added to U.S. debt

Submitted by tajitj on Sun, 07/27/2008 - 20:04
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http://digg.com/2008_us_elections/Bob_Barr_Freddie_Mac_Fanni...

This is on the front page now. If the economy gets worse and the Fed does the right thing and brings interest rates up to where they should be, more and more people will forclose on their home loans. All that will end up as US debt. Fae and Mac have almost zero capital to cover more nonpayments.

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Seems to me as if they are

Submitted by john2k on Sun, 07/27/2008 - 20:11.

Seems to me as if they are damned if they do and damned if they don't. The Fed is in a stalemate. Very few tricks left for them to play!

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exactly.... they are screwed

Submitted by SIERRAHPBT on Sun, 07/27/2008 - 21:28.

exactly.... they are screwed either way they go! so what happens they inflate there way out and delay the day of reckoning as long as they can! the only problem is the longer the delay the worse the day of reckoning becomes! Ron Paul is right..... Inflationary Depression!

as for me and my home, we shall worship the LORD

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“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)

Hey McCain-----┌П┐(◣_◢)┌П┐

not really

Submitted by Dale in Oklahoma on Sun, 07/27/2008 - 21:07.

Things will crash and these American sheeple will buy into the Amero as the only savior to what ails us, rather than learning to live within our means and taking responsibility for ourselves. It's all a puppet show.