The Mudcat Café TM
Thread #112664   Message #2388925
Posted By: Donuel
14-Jul-08 - 04:43 PM
Thread Name: BS: Nationalize Freddie&Fannie NOW
Subject: RE: BS: Nationalize Freddie&Fannie NOW
btw

tell the forclosed families and Califorians who are getting 50 cents back for every dollar they saved that they are hysterical or mongering bad news.

With 80% of the actual value being hidden, banks and investment companies are blind pools of incredible losses behind the mask of pretended solvency.

The bundled sale of mortgage securities as AAA secure instruments was a crime against the entire financial world in almost every nation. American finance houses did this. And now we bail them out!
The US treasury is now the share holder of last resort and the share holder is in DEBT.

Don't talk about hysteria, talk about the crimes that were ignored by the criminals in charge.