the_pig_man

Freddie/Fannie Plans In Motion; Why Are They Being Underplayed?

SWRichmond essentially has it right. They are going
to dribble the losses into the US budget deficit
quarterly. Sort of a drip, drip, drip, where the
dollar is concerned as far as the eye can see.
We've really done it this time. If we aren't looking
at a 6-8% deficit to GDP sometime during Obama's or
McCain's tenure, I'll be happy to eat my hat.
Bush did a helluva job.