Sheriff
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 posted 8/22/2008 6:12:24 PM
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Here's an interesting analysis of "The Housing and Economic Recovery Act of 2008"
http://news.goldseek.com/GoldSeek/1218694140.php
Read it, it is done by one of the better Gold Investor analysts. It basically outlines my notion that 95% of all laws that Dubiya (i.e. Georgey W. Bush-man) signed into law have to have completely opposite titles. For instance, in this case a title "Taking over Real Estate Market and Pillaging it 2008" would be more appropriate.
Everything's here - starting with the "Government" "taking over" Fannie and Freddie (which incidentally made federal deficit over $15 trillion, which is WAAAAY above the "allowed" "limit" of $9 trillion, but that is besides other points).
Oh, yeah, incidentally Russia holds $100 billion worth of Fannie and Freddie's securities paper. Chinese are reported to hold $376 billion. Top 5 paper holders are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds.
[Message edited by Sheriff on 8/22/2008 6:14:20 PM]
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