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The American Empire in a Changing World



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Friday, May 18, 2012

''Will the FHA require a bailout? – 12,000,000 underwater mortgages 3,000,000 are FHA insured loans''

From drhousingbubble via ZeroHedge


''The deception is strong in this market.  I love the news that one of the GSEs turned a profit although the bailout costs are still in the hundreds of billions!  Give me $200 billion and I’ll turn you a $2.7 billion profit tomorrow.  With this kind of math, no wonder why we are going to face another bailout with FHA insured loans.''


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