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teddy

There are rumors that the government is bailing out the banking industry by secretly buying up toxic subprime loans using Fannie Mae and Freddie Mac as the vehicles. I believe subprime mortgage loans already represent 25% of their portfolios. But will they punish the individuals involved in this fraud?

Elaine Meinel Supkis

I wrote a little about that, Teddy. Yes, they are probably going to try to do that. Always, they dump their messes into taxpaying dishes.

teddy

The government mortgage agencies should not have any portion of their loans tied up in subprime debt let alone be adding more that represents the worst of the worst. But then again, this is necessary to expedite the New World Order agenda for the elite. As you have stated many times Elaine, this is an agenda that goes against everything associated with a sovereign state. I would think that Americans would prefer a good paying job with healthy debt versus a third world job with more subprime debt.

Elaine Meinel Supkis

I just found out how much it is: $47+ billion Fannie Mae has in subprime garbage. My god.

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