MikeNY
11-07-2008, 12:24 PM
There is information how much the Subprime Credit Crisis will cost Jeremy J. Siegel noted "Congress has approved government guarantees for mortgage debt issued by Fannie Mae and Freddie Mac. That could add more than $5 trillion to the government's ledgers" . (please see article Kiplinger.com http://www.kiplinger.com/magazine/archives/2008/10/siegel.html ) so just for Fannie Mae and Freedie Mac ther losses are five Trillion dollars.
The real cost will be more than five trillion since just those Semi-Private/Government entities will be five Trillion dollars. This was the Political football that was hide before the election and Kiplingers published it. Neither Party wanted this known.
The real cost will be more than five trillion since just those Semi-Private/Government entities will be five Trillion dollars. This was the Political football that was hide before the election and Kiplingers published it. Neither Party wanted this known.