U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac can add three trillion dollars budget by 2012 deficit taking dollar to half its value
Karen Zuba
Jul. 14, 2008

It is 2012 when the Federal Reserve and the US Treasury will realize that the unthinkable Titanic has sunk and with it went more than three trillion dollars in ballooning budget deficit.

According to savvy smart money investors, Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson's request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac.

Does Paulson have a choice at this stage? He really does not have a choice. He has to keep the ship afloat and for that he can borrow from the future knowing well very few in the past Administrations are held countable in America for their failed and senseless policies.

Can Paulson’s plan really save Fannie Mae and Freddie Mac?

The answer is yes but the cost is so high that no American in sensible mind will like to hear that. Soviet Union came down with the expenses of the Afghan war – they could not fund it. America will come down with Fannie Mae and Freddie Mac insolvency war – there is no money to support them. They will sink but Paulson and others who are seeing catastrophic banking cycle top in 100 years will try to save the ship as long as they with whatever they have – even selling the future of their grand children and great grand children.

U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac can add three trillion dollars budget by 2012 deficit taking dollar to half its value
Karen Zuba
It is 2012 when the Federal Reserve and the US Treasury will realize that the unthinkable...
READ MORE>>

Bullish for dollar, stocks and real estate – Fed opens up its lending window and bigger line of credit with Treasury for Fannie Mae and Freddie Mac
Marla Guthrie
What I told you yesterday in my article yesterday – ‘Can dollar hold its base with Fannie, Freddie fiasco?’
READ MORE>>

Can dollar hold its base with Fannie, Freddie fiasco?
Marla Guthrie
The US dollar has nose-dived to test its previous all time low as Fannie, Freddie has gone south towards insolvency.
READ MORE>>

Federal Reserve bans penalties on mortgages that make it harder for people to refinance
Peter Oberois
Federal Reserve wants to stop abusive lending practices that have created a total mess of the US economy...
READ MORE>>

It is not the time yet for Fannie Mae, Freddie Mac – it will in 2012 when the two will go belly up – billions from Government will them afloat for now
Joe Weinman
The shares of Fannie Mae, Freddie Mac reached the lowest level in more than 17 years...
READ MORE>>

IndyMac failed because of liquidity crisis prompting seizure by U.S. regulators – how close is your mortgage banker?
Fred Day
What happened to the IndyMac bank should work as a wake up call for all the mortgage investors and homeowners.
READ MORE>>

MORE ARTICLES >>