So okay, now that i have given myself the responsible title of informed citizen, I have to stay diversified.<\/p>\n
Palin is very fascinating, and so is the presidential race. But Fannie Mae and Freddie Mac are about to be…um…hmm…changed<\/em>.<\/p>\n Here’s the deal:<\/p>\n they have combined assets of 5 TRILLION dollars. That is a lot of money. That’s mortgages, basically. They pwn <\/a>the mortgages in america.<\/p>\n So, of that 5 trillion dollars in debt that they are collecting on…They have 14 billion dollars that they are NOT going to collect on (the number of mortgage dollars in foreclosure).<\/p>\n The gummint stepped in and said they are taking over this establishment. That means firing the current men handling the job, and assigning new guys. And it cost:<\/p>\n 200 BILLION dollars to do this takeover. And that is just the first step in the takeover.<\/p>\n I just don’t know exactly what to think of this.<\/p>\n But here is how I understand the numbers:<\/p>\n out of 5 trillion, 14 billion dollars lost is .28% of their assets gone.<\/p>\n That seems like a very risk-averse environment. Heck, we lose more money than that\u00a0in the couch cushions.<\/p>\n But I guess I didn’t amass money in the trillions either. Maybe if we watched our ha’pennies<\/a>\u00a0we’d be a lot richer.<\/p>\n But then again, maybe it’s like the stepping on a butterfly when you go back in time scenario…The little things matter.<\/p>\n Talking it over with my co-workers, they thought that maybe the initial 14 billion in lost money was feared to be just the beginning. Could be that too.<\/p>\n Things are not entirely stable, either with the cause or the reaction.<\/p>\n (I would like to have a link showing the numbers I have above, but I got them from the weekend’s WSJ. And that paper takes money. The link would be broken if I put it there. And nobody else has it so succinctly\u00a0 referrable. Sorry…)<\/p>\n","protected":false},"excerpt":{"rendered":" So okay, now that i have given myself the responsible title of informed citizen, I have to stay diversified. Palin is very fascinating, and so is the presidential race. But Fannie Mae and Freddie Mac are about to be…um…hmm…changed. Here’s … Continue reading