This guy is basing his conclusion that Fannie and Freddie will fail and thus end life on earth as we know it, on numbers he pulled out of the air. Nowhere does he show how he arrived at the projected loss numbers. While it is a back of the envelope calculation, here at least is an attempt to logically arrive at some sort of reasonable loss estimate for the two. blog.metro-real-estate...
Historic Financial Collapse Underway? [View article]