DannyBoy29

Housing Bottom? The $1.55 Trillion Effect

Thanks for bringing up the pooints you did in this article. It seems the public and media only focus on the bailouts to the banks, AIG, autos but no one talks about the risk we (taxpayers) are taking on by what is going on at Fannie and Freddie. Like you said it only taks a slightly higher default rate on a $5T balance sheet to cause a major problem. And if that problem happens there will not be a company in need of a bailout it will be our country.