Category: Banking & Financial Services

Are GSEs …Freddie and Fannie on Track to Collide with Public’s Interest; Hurtling Toward an Anti Trust Suit?

> Since when did it become pc for Uncle Sam to believe …that it is in the public’s better interest for the public to shoulder this mess …leaving the tax-payer with the burden to carry …the impact of those its deemed NOT too-big-to-fail?
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> I would suppose it impossible to expect that the Obama administration would call for an anti-trust suit to break up their ballance sheets.
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> But maybe the Tea Party could take up the call and make a charge to assail both parts (both sides of the isle in Washington) whose lesser wills have promoted this mess.
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> After all, if our major body politic won,t take up the fight for “…We the People …” Maybe that which is least willwash our feet instead.

The Desicration of Christmas? Oh well; play it again Sam!

Well, in the wake of the latest Case Schiller Report on housing …it seems that this one’s lack-luster report served economists (…one after another) with plenty of opportunity to pen a plethora of reports which have …in true cookie cutter fashion formed a chorus whose concern …in unison, harmonized to produce a variety of singals which are warning of the possiblilities of a double dip in a housing market.

These economist’s reports are speaking of the possibilities for record level mortgage defaults in the coming year in a double dip market.