debtacid

Fannie/Freddie Bailout 'Disastrous Fiasco'

Its hard to believe that there are still market sycophants and fiat fools out there who still think that no long term damage has been done to the world financial system. Another unintended consequence of this fiasco is that democracy has been exposed as a sham. 80% of tax payers are against bail outs yet they all pass with little opposition from Washington. Clearly, Wall Street is calling the shots now. Well, at least I made a nice return on my FNM put…