Soros Says Fannie, Freddie Crisis Not the Last
...the year-long global financial market turmoil represented "the most serious financial crisis of our lifetime."
...the year-long global financial market turmoil represented "the most serious financial crisis of our lifetime."
That's what happens when you print hundreds of billions of dollars to bail out Fannie Mae and Freddie Mac. link
Ugh. Sickening. This is going to be a disaster; mark my words. link
link The dollar continues to be debased (to the extent that something with no intrinsic value can even be debased). How? Bernanke is making good on his promise to "drop money from helicopters" by monetizing bad mortgage loans (thus bailing out imprudent lenders) and now bailing out brokerage firms!
