nakedempire


The American Empire in a Changing World



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Thursday, October 13, 2011

'Fannie, Freddie Threaten Taxpayers Again'

from investors.........


Financial Crisis: While "Occupy Wall Street" tries to live up to its name, the real causes of our financial woes remain on America's balance sheet, unreformed and threatening trillions of dollars more in losses.
Fannie Mae and Freddie Mac, the two government-run mortgage enterprises, weirdly were never included in President Obama's supposed financial reform.
Now, looking at a federal debt growing by nearly $1.5 trillion a year, many of the same foreign investors who fueled our housing boom are wondering if they'll ever get their money back"............READ MORE

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