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


To: mishedlo who wrote (67413)8/10/2007 2:44:44 PM
From: Incitatus  Read Replies (2) | Respond to of 116555
 
Mish,

Do you think we will see Fannie and Freddie forced to purchase the worthless loans for face value, then have Congress bailout out Fannie and Freddie, thereby converting private market debt into government debt?

Perhaps even pass legislation to make Fannie and Freddie purchase corporate debt as well as mortgage debt?

Incitatus