The Treasury has lifted a $200 Billion limit on the amount it was ready to pump into both mortgage firms (each that is). It looks to me that there are going to be a whole lot more losses that they are expecting. I have news for everyone, it's going to get a whole lot worse. For starters, the commercial banks are not going to losen up any time soon because they are looking at a lot of negative factors with the economy, the Administration's failure to realize what is truly going on, the unabaited corporate abuses of valuable job outsourcing, lack of military preparation (Technological and Secured Supply) for a much broader world conflict, amongst many other factors. Our leaders are truly damaging our country at a rapid rate. Worst of all, most Americans are continuing to follow blindly.
God help us all.
Monday, December 28, 2009
LIMIT LIFTED FOR FANNIE MAE AND FREDDIE MAC
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