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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (57776)9/30/2004 12:55:06 PM
From: Jim Willie CB  Respond to of 89467
 
jobless claims are a trivial sideshow
the important story is the widening Fanny Mae cracks

housing foundation is cracking wide open
Trez Notes 10yr yield up 18 bpts in a few days
Fanny is selling
their bond holders are selling

Dept of Justice proceeds with probe
heads will roll
they will be lucky to avoid an Enron investigation
this is much much bigger than Enron
Fanny and Freddy own almost half the US mortgages

/ jim