crowdofcheerleaders

Why the U.S. Government Is Using Your Money to Help Fannie and Freddie

the USG is bailing out Chinese, Japanese, Belgians, and billionaire offshore account holders in the Caymans:

Washington, DC - As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities."
news.goldseek.com/Gold...

your naivite is cute, but useless.

The 'Plunge Protection Team' Working Overtime: A Play-By-Play

But won't that come home to roost when the govt has to concede that they used so much public money to prop these valuations up? also, since valuations are going to be hit again this week, how long can the PPT use public money to prop valuations before all that cash goes missing in other areas of public funding?