In the guarantee of Fannie & Freddie debt the US Treasury and Federal Reserve broke two laws. Even the Fannie Mae web site still says that there is no guarantee. The FDIC can help, but are in denial. Lower yields and higher gold are clear warnings. The Dow monthly chart is the key at month end in confirming a multi-year BEAR MARKET.
The regulators actions need to be approved by congress. Why does Congress allow this to happen? Is there a possible conflict in action? Does bailing out financial investment and banks somehow profit our Congress?
hbjon 2 years ago
I swear. I feel like Hank Rearden, and I'm living inside of Atlas Shrugged. You couldn't make this stuff up.
AirelonTrading 3 years ago