Mish Shedlock gleaned another revealing quote:
Kyle Bass: .... China and Japan own a lot of Fannie and Freddie Debt. I think we are more sensitive to them losing money than we are to the US taxpayer losing money and I think that has to change. ... Fannie and Freddie have paid $200 million into campaigns of 354 politicians over the last 10 years. This is an organization created by the lawmakers. Why are they paying the lawmakers? Let's get rid of this structure and just have the government make mortgage loans. ...
Wednesday, January 20, 2010
Why USA is Not Free
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment