This was an article on Market Watch. I wanted to share with all my reader in its entirety.
Thursday, March 27, 2008
provided by Paul B. Farrell
Market Watch
No Matter who’s elected president, the debt party’s over
Reason No. 1: "Most Americans have yet to feel any of the costs of the Iraq war," write Nobel economist Joseph Stiglitz [...]
"The world’s fifth-largest pension fund will no longer buy US Treasuries because yields are too low. The move signals what could be a big shift by financial institutions away from US government debt into higher-yielding assets.
South Korea’s National Pension Service, which has $220bn in assets, said on Wednesday it wanted to broaden its range of [...]
I am posting this article in its entirety because I have been thinking about the Subprime Mess we are facing and was shocked to read this article. The government is creating a gigantic mess that will eventually end up in the hands of the tax payer. When the government reduces the cash requirement that Fannie [...]
Posted in Mortgages, News 
Tags: Fannie, Freddie, Government, Mortgages, shorting, Subprime 
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