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Doomers,
I’m currently in Mexico, and my access to the internet is limited- leaving John in charge of the Doom castle. Please give him a hand with the heavy lifting- I kow he’d love to have your links, comments, ideas and suggestions. I’ll be back Saturday evening, and checking in as I can.
I don’t think anyone denies that Fannie and Freddie are important props holding up the US and world financial system as we know it. For example, over the last five weeks GSE "agency debt" has accounted for virtually all the positive net purchases of US obligations by foreign central banks.[1] Put another way, net purchases of F&F’s prime mortgage paper has been single-handedly financing America’s trade deficit for over a month.
