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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3629)	4/5/2004 7:41:31 PM
From: Jim Willie CB	Respond to of 116555

FannyMae gonna get interesting either separate from veiled govt guarantee, >>> which means full disclosure or embrace and reaffirm govt guarantee and oversight >>> which means out of the HUD backwater, and under Dept Treasury, >>>>> where they can pull its operations under the Fed's printing press more seamlessly few seem to realize that Fanny is responsible for 25% of all new money created in the US Economy since 2000 hardly anything has changed the monster continues to grow the hedgebook grows uncontrollably the hidden losses are too big to ever be reported I smell an S&L blowup coming and a new Resolution Trust Corp being set up it could take 2-3 more years for full ripening to total fuchup the last housing correction was 1988-1993 we are overdue for an effing whopper / jim