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Fannie Mae Is Technically Insolvent

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Guest DissipatedYouthIsValuable

Despite massive liquidity injections.....

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Former St. Louis Federal Reserve President William Poole has said the same thing, reports Bloomberg

"Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer,'' Poole, 71, who left the Fed in March, said in the interview yesterday.

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is this the same Cramer that said Bear was safe?

One and the same.

Jim Cramer is an idiot - says Symo.

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is this the same Cramer that said Bear was safe?

Yep.

He also later said he couldn't say it was unsafe because it might cause a bank run....... :lol:

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Did this earlier here

Like I say, it'll end in nationalisation. We may well get something on this out of Bernanke and Paulson later today...

What's the ratio again with them?

65:1 or something close to it?

only slightly inflationary then, eh?

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Yep.

He also later said he couldn't say it was unsafe because it might cause a bank run....... :lol:

That will be the excuse of all charlatans and property experts in the next few years.

They will try and save their reputations on the basis that by revealing the truth that they knew all along they would have made it worse.

Of course we all know that it is because they are ******ing clueless or worse.

How they will look all the ruined FTBers that they conned into buying in the last year in the eye, I will never know.

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  • 401 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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