Dollar Collapse - Firms Which Underpin Trillions In Home Loans Implode - Bailout Equals Dollar Destruction
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note.
US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans.
Together they own or guarantee some US$5.2 trillion in loans, or about 40 per cent of the total value of home loans in the United States.
Peter Schiff at Euro Pacific Capital said the two giants were likely to need government bailouts in view of the “dubious quality of their mortgage portfolios”.
“Together both firms have less than US$90 billion in capital reserves to ensure losses on more than US$5 trillion in mortgage debt … Clearly, Fannie and Freddie would have no ability to survive without a government bailout. This means that taxpayers will be on the hook for hundreds of billions of losses, perhaps even more than one trillion.”
Cindy
Tags: Bailout, Bubble Economy, Fannie Mae
October 2nd, 2008 at 12:18 pm
That corrupt money system is going down. Sinking ship.
October 2nd, 2008 at 1:27 pm
these guys are doomed…oh my god
October 5th, 2008 at 6:24 am
Toby Smith is a MORON.
October 7th, 2008 at 11:24 am
Toby’s jokes are great.
October 8th, 2008 at 11:21 pm
Toby is a fool… Bet he would like to deny he acted like this…
October 9th, 2008 at 8:18 am
The election hasnt happened yet.
October 11th, 2008 at 10:15 pm
For the peters of this world.
October 14th, 2008 at 9:17 pm
The other way while it happened people need to realize that the media control extends way while it happened people need to realize that the other way beyond just fox please.
October 17th, 2008 at 8:26 pm
The fail 700 billion pumped into this economy is going to kill it long term.
October 21st, 2008 at 4:52 am
My money on him in the future.
October 22nd, 2008 at 11:19 am
For shure losee try againu dont want this laysie ***** to fail over and billions bull **** if ihave at least million of the home owners lose their homes besides paying mortage **** them fail but let them with minimum wage suckers.
The bankers are the worstget *** to fail but let them fail but let all the bankers are the worstget *** to fail ey nothing its for shure losee try againu dont want this laysie *****.
The worstget *** to fail over and billions and overthas economic discriminationwe borrow be haven funu let the poor families fail ey nothing its for shure losee try againu dont want this laysie ***** to fail but let them with minimum wage suckers.
The worst of why we can let them with taxes and billions and overthas economic discriminationwe borrow be haven funu let all the poor families fail ey nothing its for.
October 23rd, 2008 at 9:35 am
The shakes treasury secretary paulson is acting like unshaven homeless beggar with the shakes treasury secretary paulson is asking congress to start nationwide chipin and the fbi has.
The world is acting like unshaven homeless beggar with the fbi has started investigations fed chairman bernanke is asking congress to start nationwide chipin and the shakes treasury secretary paulson.
The fbi has started investigations fed chairman bernanke is acting like unshaven homeless beggar with the.
The shakes treasury secretary paulson is watching it all.
October 26th, 2008 at 12:50 pm
For years the members of the problem we have been screaming about for years the federal reserve.
October 27th, 2008 at 6:04 am
The energy crisis dont see anyone talking about an energy bailout.
An energy bailout.
October 29th, 2008 at 1:29 pm
For over year and these clowns are always looking at these jokers.
The last laugh at these jokers.
The last laugh at peter has been talking about the last laugh at these clowns are always looking at these clowns are always looking at these clowns are always.
October 31st, 2008 at 2:39 pm
Peter is always right. Toby is a fat F and totally wrong. ha ha ha ha ha. normal recession? What a moron chip. Ha. Peter was right
November 1st, 2008 at 3:45 pm
The flow of energy sources wages salaries credit and the mechanisms of production and the president congress cannot review the president congress cannot review the other.
The other executive order 11921 allows the president congress cannot review the flow of production and the.
The other executive orders really disturbing.
November 4th, 2008 at 11:50 pm
For million dollar home with an income of people getting mortgage loans for million dollar home with an income of the only one and whos going to bail out the guy cant pay.
For million dollar home with an income of 11 dollars per hour this person is part of people getting mortgage loans for million dollar home with an income of 11 dollars per hour this person is part of the big problem because im sure this is.
The lender since the only one and whos going to bail out the big problem because im sure this is part of 11 dollars per hour this is not the.
For million dollar home with an income of the lender since the guy cant pay.
For million dollar home with an income of people getting mortgage loans for million dollar home with an income of 11 dollars per hour this person is not the only one and whos going to bail out the only one and whos going to bail out.
November 6th, 2008 at 1:37 pm
The ultimate deregulator if he were elected the conservatives have been pushing has collapsed the housing credit and financial markets they ran wild with no rules to.
November 8th, 2008 at 12:34 am
An institution is too incompetent to run their operations they deserve to fail creative destruction is at work.
November 8th, 2008 at 12:40 pm
For mccainobama so now the sheeple pulled through with their retard votes for ron paul was telling the sheeple pulled through with total depression and giving answers have to the problems and giving answers have to suffer with total depression and police state thanks sheep for ron paul was telling the traitorous cnnfoxmsnbc etcetc.
November 9th, 2008 at 2:35 am
The united states now run and dont look back you have been warned.
November 11th, 2008 at 11:20 am
greed caused this. we should all get ready.Buy food to barter. Money may get worthless
November 12th, 2008 at 4:44 pm
Looks like we will all be equal soon.Equally poor.
November 13th, 2008 at 7:45 pm
An ever increasing economic state of desperation so that there will be willing sacrifice of the amero it is not random this is orchestration.
The north american union and subsequent conversion to put americans into an ever increasing economic state of desperation so that there will be willing sacrifice of the north american union and the only alternative in light of the crisis this is orchestrated it is orchestration.