Wefwef

Again ... It Wasn't Fannie and Freddie

'but the idea that Fannie and Freddie caused the general credit crisis is wrong'

There is no such idea. Stop mixing your own politics and finance.

Calling a Bottom: It's Time To Party

Of course the worst is behind us, the bank balance sheets are strong, the mortgages are paid, the credit cards are paid, everyone has jobs and US manufacturing is again second to none. Or not.

This far, we haven't yet heard anything about how FNM&FRE situation raped bank balance sheets...or the bond insurers. Just wait.