Current Events — HabitableZone

Current Events

What they don't tell us about the Fannie, Freddie takeover.

"Government takes control of Fannie, Freddie. Teetering mortgage giants hold interest in almost half of U.S. mortgages."

Folks are saying the costs can't be determined, but "could cost 10s of billions. That's just the start. I was talking with a politically conservative friend at breakfast this morning. He's wealthy, and keeps a close track on the financial stuff. He says Bush is afraid to acknowledge publically the cost to the US taxpayer will be upwards of $1 trillion.

Another trillion dollars shot because of failed Conservative policies.

(Don't ask what the next President will do for you. He'll be selling pencils on the next corner.)

Arf

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