LOL!
This is beyond mortgages
You are underwriting “derivatives” and no one even knows who owns them or how much is owed ... worldwide
some figures suggested have been in the hundreds of TRILLIONS of dollars of worldwide debt
Paulsen reportedly (interviews last night on Cavuto) pulled the figure of $700 BILLION out of his rear end. All he knew was he needed “a lot” of money
Our government (formerly of the people, by the people, and for the people) is tonight committing the full faith of our country (against the expressed will of the people) to throw $700 BILLION into a financial black hole that no one really understands or knows how to stop
That is why Bush has tears in his eyes
God Help America. I think Uncle Screwtape is chuckling at Uncle Sam somewhere
That's one deep rear end!
Or how much more will eventually, sooner rather than later, be thrown in after it.