Saturday, March 29, 2008

Debt Rattle, March 29 2008: Under the cloak of a crisis

Ilargi: As I�ve said a few times before, the nationalization of mortgage lenders� debt wil go through three agencies: the GSE�s (Fannie and Freddie), the Federal Home Loan Banks, and the Federal Housing Administration. The numbers revealed so far, just in the past week, are $200 billion, $150 billion and $400 billion in extra credit space, respectively.That almost makes the $100 billion Fed

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