Sep 08
27
Lehman Fannie and Freddie
I was amazed to find out the coincidence of the fine print relating to Lehman and Fannie and Freddie.
The Chinese held 30 Billion of the paper in Fannie and Freddie and apparently they were made whole prior to the engineered collapse of Fannie Mae and Freddie Mac.
On the other hand apparently the Venezuelan government had a lot of Lehman paper.
Funny how that works isn't it?
And in the mean time you would have to describe the US as a failed state, wouldn't you? The world's greatest capitalist nation becomes the world's most socialist state.
And now Bush's most inspirational thing to offer the world is, “If money isn't loosened up, this sucker could go down.”
To think that people I know actually voted for this guy, and still believe in him. Incredible.