| Re: U.S. Treasury Explicitly Now Backs Fannie Mae & Freddie Mac Mortgage Giants |
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Group: alt.philosophy · Group Profile
Author: Day BrownDay Brown Date: Sep 9, 2008 00:17
Daniel T. wrote:
> "U.S. Treasury Secretary Henry Paulson indicated that a bailout of
> Fannie and Freddie was unlikely" -- from "Fannie, Freddie say they have
> plenty of capital", reuters, July 2008.
>
> That's right... Only *two* months ago Paulson was insisting this day
> wouldn't come.
All right, another 200 billion. On top of the 9 trillion national debt
and the 54 trillion of unfunded entitlements former Comptroller of the
USA David M. Walker has been preaching about.
"A trillion here, a trillion there, and pretty soon it adds up to real
money." hmm. is there any such thing as real money any more? I'd worry
about the addition, but it looks like just piling zeros. Nothing, plus
nothing still equals nothing.
Which, I spoze is what a pension will be worth in 2012.
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