Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

[pwcmba]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

http://bigpicture.typepad.com/commen...the-us-lo.html

Credit rating of USA next?

[pwcmba]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

http://www.youtube.com/watch?v=712kRqri2No

Take A Load Off Fannie

[pwcmba]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

End the bailouts!

http://www.youtube.com/watch?v=j7MCo...eature=related

[Honzajs119]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

It is earth-shattering news, it should alarm public. The reason is to save entire banking system. Can you imagine what could happen in case of bankruptcy of FNM or FRE?

They afraid, that people will read as "NO BANK IS SAFE". If people will massively withdraw deposits, it will be end of current global banking.

It could even lead back to Gold standard... How will they print money under Gold standard?

BUY GOLD + take delivery

[Supercilious]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

http://64.233.169.104/search?q=cache...lnk&cd=1&gl=us
this is a cached article. for some unknown reason the original article, only a week old [8/28/08], has been removed from the cnnmoney.com website. hmmm.

Good find jk , cnn gently changing the past ... it wouldn't for be the first time

[Brooks Gracie]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

So won't the Fed be under alot of pressure not to foreclose on taxpayers? The IRS hasn't foreclosed on anyone except those convicted of fraud for 30 years. Every foreclosure is now a political as well as legal event.

[jk]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

So won't the Fed be under alot of pressure not to foreclose on taxpayers? The IRS hasn't foreclosed on anyone except those convicted of fraud for 30 years. Every foreclosure is now a political as well as legal event.

good point. you'll have every "owner" 3 months behind on his/her mortgage calling a congressman and 2 senators. that should help the market clear.:rolleyes:

[LargoWinch]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

http://www.bloomberg.com/apps/news?p...WGQ&refer=home



Hello Comrades! AAARRRGGGG!!!! :mad:

To watch this event on tape:

[Rajiv]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

Excellent series of articles on this general topic by Catherine Austin Fitts - The Housing and Economic Recovery Act of 2008

Also, Fannie and Freddie Become Penny Stocks - Part I

[jk]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

This is a strange duck as the US Treasury will need to borrow (from foreigners) in the Treasury market in order to support foreigner’s holdings of agencies. The logical question to ask once again: will foreigner’s and FCBs provide sufficient and additional Ponzi finance to finance the Treasury’s intervention into this market? And will they also continue to support the agency mortgage market to boot? The Federal Reserve is no where mentioned here, with the Trillion question being, do they monetize?
http://wallstreetexaminer.com/blogs/...1895#more-1895

kind of reminds me of the "bailouts" of mexico, etc - lend the money to cover the interest on previous borrowings, restructure the outstanding bonds, record lenders' "profit" although the lenders just get more paper. who needs to "monetize" when you can just issue more bonds to "pay" the interest on prior bonds, and roll old bonds into new bonds at maturity? bonar= bond and/or dollar, indeed.

[Sapiens]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

kind of reminds me of the "bailouts" of mexico, etc - lend the money to cover the interest on previous borrowings, restructure the outstanding bonds, record lenders' "profit" although the lenders just get more paper. who needs to "monetize" when you can just issue more bonds to "pay" the interest on prior bonds, and roll old bonds into new bonds at maturity? bonar= bond and/or dollar, indeed.

Finally someone gets it!! Thanks jk. My job is done here. Goodbye.

[jk]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

the inflationary nature of this bailout resides in the fact that treasuries have been somewhat more money-ish [to coin a word] than agencies. now $5 trillion in agencies have been made more money-ish.

here's a new definition of money supply: the sum of various types of paper, each type multiplied by how moneyish it is.

[Sapiens]

Re: Fannie, Freddie Capital Concerns Prompt Paulson to Take Control

the inflationary nature of this bailout resides in the fact that treasuries have been somewhat more money-ish [to coin a word] than agencies. now $5 trillion in agencies have been made more money-ish.

here's a new definition of money supply: the sum of various types of paper, each type multiplied by how moneyish it is.

It is called cash.

Before the bailout the agency could not issue a check and pay the interest due to a bondholder if it didn't have the monetary units on its accounts.

Now with Treasury they can, because the monetary units come into existence from govt. monetization when it will issue the check and the Fed honors it.

P.S. Treasuries have always been money. I have always been able to make payments with Treasuries to business associates.