At what point do we become Russia?
Ted Gottsegen (September 10th, 2008) Writes:
Now that American's own Fannie and Freddie, more than 1/2 of all U.S. mortgages are property of Uncle Sam. How can this be good? Better yet, Russia holds about $75 billion of Fannie and Freddie securities, Luxemburg and Belgium hold $39 billion and $33 billion respectively. British investors hold about $28 billion of securities in the nearly doomed duo. Isn't anyone worried?
All of us here at the Masters are in awe that the talking heads don't seem to be concerned about the long term impact about what went down this past weekend, what the hell is the U.S. ...
Tags for this Post:
America, Bear Stearns, Belgium, bill gross, China, Fannie, Fannie Mae, Freddie, Freddie Mac, Hurricane Ike, Joey Bag, Lehman, Luxemburg, Mac, Market Commentary, Paulson, Russia, Sovereign Wealth Funds, United States, Us Government, USD, wall street
America, Bear Stearns, Belgium, bill gross, China, Fannie, Fannie Mae, Freddie, Freddie Mac, Hurricane Ike, Joey Bag, Lehman, Luxemburg, Mac, Market Commentary, Paulson, Russia, Sovereign Wealth Funds, United States, Us Government, USD, wall street


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