The
Director of Fannie's Follies Deserves to Go Too
Much! (the weak dollar: causes and consequences) Fannie
Mae's New Challenge: lawsuits Spector,
Rosemon, and Kodroff P.C. Scott
+ Scott, LLC, Represents Shareholders in Google Search on Class Action Lawsuits See: link EDITOR'S
COMMENTS While the US Dollar [ehhh Federal Reserve Note] appears to sinking faster than the RMS Titanic amidst the back drop of the politicos spending more of our hard earned money for more social welfare [while they allow all the illegal aliens across our national borders, sending our jobs overseas, and killing our industrial base] and Jane and Joe Six-Pack spending more money than they make using the equity in their homes to cash flow, it now appears that there's fire in the hole at Fannie Mae with respect to class action lawsuits and shareholder value. We suspect this to be just the tip of the iceberg. When folks start looking at the real loan loss reserves of the GSEs and how much blood is out there on Main Street America in the foreclosure portfolios combined with the loan to deposit ratio being over 100% at the 9,000+ FDIC insured institutions, we will probably have the US Congress, the US Treasury, the Federal Reserve, and the Oval Office redefine liquidity. This is not a very pretty picture. With heavy metal [like gold and silver] becoming more expensive than the tea in China and Japan, we suspect someone is in a liquidity trap. Let's inflate out of that one, Mr. Greenspan, shall we?? © 2004 Ole Bear, Editor, Realty Reality |
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GLOBAL
REAL ESTATE MARKETS FORUM