When will the politicians have the courage to pre-empt this problem? If the GSE's implode it will be too late to fix things.
Other sources
'Fannie and Freddie Were Lenders': U.S. Real Estate Bubble Nears Its End
imultaneously take out the stock,bond and real esta/www.economist.com/finance/displayStory.cfm?Story_ID=702604 ">Big Scary Monsterste market.
When will the politicians have the courage to pre-empt this problem? If the GSE's implode it will be too late to fix things.
Other sources
'Fannie and Freddie Were Lenders': U.S. Real Estate Bubble Nears Its End
The GSE's are acting as lenders of last resort. They are the primary reason the recession has yet to seriously impact consumer spending. If these opaque organizations were to fail, they would simultaneously take out the stock,bond and real estate markets.
When will the politicians have the courage to pre-empt this problem? If the GSE's implode it will be too late to fix things.
Other sources
'Fannie and Freddie Were Lenders': U.S. Real Estate Bubble Nears Its End