Fannie and Freddie will lose north of 500Billion before the final collapse, PLUS the interest payments to pay off that $500B.
That is going to come out to over $2000 per capita for the country, or $5000 per household.
Add in the trillions of dollars of mis allocated capital stolen from American families’ pockets to prop up the banking industry, and we’re looking at one of the largest failures of government in the history of mankind.
And Dodd, Frank, Gramm, GW Bush, and a host of others are directly responsible, and will be written in to the history books as the men and women who destroyed modern America.
30 years of stripmining the American middle class is coming to an end.
I agree. Fannie and Freddie were requisitioned as vehicles for a temporarily less visible form of social engineering and wealth redistribution. Barney Frank should be in jail.