Archive for the ‘Banking Apocalypse’ Category

Freddie Mac, Fannie Mae, and Ginnie Mae, the Three Stooges of the Banking Apocalypse.

Thursday, July 23rd, 2009

When you are a chemical company looking for a cost effective way to get rid of your poisonous chemical slop, you hire a few nefarious associates to dump your toxic soup into the local landfill or river.  When you are a bank you dump your toxic loans into (more…)