Home | Market Monitor | Market WrapUp | Storm Watch | Sitemap | About Us | Contact Us | Disclaimer | Privacy Statement THE FINANCIAL TSUNAMI The Next Big Wave is Breaking Fannie Mae Freddic Mac and US Mortgage Debt by F. William Engdahl July 15, 2008 The announcement by US Treasury Secretary Henry Paulson together with Federal Reserve chief Bernanke, that the US Government will bailout the two largest guarantors of housing mortgage debt—the Fannie Mae and Freddie Mac—far from calming financial markets, has confirmed what we have said repeatedly in this space: The Financial Tsunami which began in...