Quote from TGregg:
Future tax payers grab yer ankles and lube up, cuz Uncle Sucker is also getting ready to buy up even more troubled mortgages:
Why don't they just announce that all debt is covered by the feds while they are at it, including credit cards? Using up all this Vaseline isn't going to help the price of oil, by golly.
Good grief, I missed that. I guess they didn't learn anything from the massive FNM/FRE fraud that is still being uncovered or from the 1990 S & L meltdown. They should be putting Fannie and Freddie on their own and cutting the cord from the Treasury. Instead, they are putting the government on the hook for even more gargantuan bailouts when these two retirement homes for out of work political hacks inevitably blow up.
Ron Paul, we need you stat.
