Without buying all these bad debts the economy disappears. Expect the government to keep pumping the paper money into the world. Only chance the elite have to save themselves from the rope. I'm not optimistic at this time.
By the way, we bought 14 million new guns last year. Even democrats bought some. They must know something. Heh heh.
Daily Digest - Daily Digest - March 3 - Mar. 3, 2010 - Blogs at Chris Martenson - Daily Digest, Economy
By the way, we bought 14 million new guns last year. Even democrats bought some. They must know something. Heh heh.
Daily Digest - Daily Digest - March 3 - Mar. 3, 2010 - Blogs at Chris Martenson - Daily Digest, Economy
Government-sponsored enterprise (GSE) Fannie Mae (FNM: 1.00 +1.01%) said Monday it expects to purchase from 150,000 to 200,000 delinquent loans out of single-family mortgage-backed security (MBS) trusts during March. The clarification of Fannie’s delinquent buyouts answered some industry questions about the time line of the buyouts and the scope of delinquencies among product time, according to analysis this week by Barclays Capital. This month will mark only the beginning of Fannie’s plan to buyout loans 120+ days delinquent.
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