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To: raybbr
Add this fact to the mix: Mortgages are packaged and sold on Wall Street as mortgage obligations (CMOs). Foreign companies and foreign governments purchase these debt obligations. How many $ Trillions in mortgage obligations are owned by China, Saudi Arabia, Venezuela, Japan, and/ or Iran ? Nobody in government even cares. But how would Americans feel if they learned the home they live in is owned by a foreign country?
75 posted on 09/15/2006 3:19:05 PM PDT by ex-Texan (Matthew 7: 1 - 6)
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To: ex-Texan
How many $ Trillions in mortgage obligations are owned by China, Saudi Arabia, Venezuela, Japan, and/ or Iran ? Nobody in government even cares. But how would Americans feel if they learned the home they live in is owned by a foreign country?

You're such a clown. If you don't understand the difference between holding the mortgage and owning the house, there's no hope for you.

79 posted on 09/15/2006 7:08:12 PM PDT by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts.)
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