Are Fannie and Freddie The Next Bailout Candidates ???

[robnotbob]

update;

lehman goes over the weekend and WAMU troubles are right around the corner.

B of A is buying Merrill and Lehman is getting liquidated. Unreal.

 

[seeker6591]

MORE UNREAL

AP reported today that the potential cost to US taxpayers of these bailouts will be 200-800 BILLION dollars.

and the sscary thing is initial estimates are usually wrong!

 

[philrogers]

I guess 700 billion will take care of the problem, my granchildren's granchildren will pay for this mess

 

[Slinky Bender]

I guess 700 billion will take care of the problem

No it won't

 

[EddyBearNY]

I guess 700 billion will take care of the problem, my granchildren's granchildren will pay for this mess

They are looking for 300 billion more.

Where did all this money go? Has trillions of dollars disappeared?

You can not hide that much money without a trace.

World wide real estate projects?

 

[seeker6591]

where are the criminal indictments here??\

every major securities firm was distributing BAD PAPER ( securities) all over the US and abroad.

 

[EddyBearNY]

where are the criminal indictments here??\

every major securities firm was distributing BAD PAPER ( securities) all over the US and abroad.

They must of buried the money real deep.

 

[seeker6591]

bad paper = mortgage backed securities

 

[seeker6591]

They are looking for 300 billion more.

Where did all this money go? Has trillions of dollars disappeared?

You can not hide that much money without a trace.

World wide real estate projects?

stolen perhaps ????

 

[EddyBearNY]

stolen perhaps ????

Yes it was stolen, but were is it? Did all this money just evaporate? Were do you stuff a trillion dollars?

 

[seeker6591]

swiss banks.

did you vote here eddybear?

 

[EddyBearNY]

swiss banks.

did you vote here eddybear?

Maybe

There has been a tremendous amount of construction the last few years, maybe that's how some of the money was washed.

 

[seeker6591]

who knows...it seems to have evaporated...rather quickly!

 

[EddyBearNY]

How could it be a world problem

who knows...it seems to have evaporated...rather quickly!

It seems odd that the world banking system is failing.

Sweden announced Monday it will shoehorn $205 billion into the Swedish financial system. The program will boost liquidity in markets there and buy direct stakes in banks.

And today, France announced it’s injected about $14 billion into its top six banks. The French will not own shares of the banks -- Credit Agricole, BNP Paribas, Societe Generale, Credit Mutuel, Caisse d'Epargne and Banques Populaires -- instead, the six financials will receive subordinated loans, which the banks will be obligated to pay back after other debts have been honored.

 

[seeker6591]

......FRAUD ...CORRUPTION....AND.....GREED.... know no boundaries.

 

[EddyBearNY]

......FRAUD ...CORRUPTION....AND.....GREED.... know no boundaries.

World wide fraud.

Better then three card monty.

 

[seeker6591]

exactly ..... it runs in the $ trillions!