-Fannie and Freddie paid 200 million in campaign contributions to 350 politicians in the last 10 years
-Total loses to Fannie and Freddie portfolios will sum to roughly 350-450 billion.
-Taxpayer footing the bill, no losses in public markets and bondholders.
-US government is more converned with protecting foreign investors than the taxpayers.
-If government is lending, cut out the middleman.
-Japan has no way out 1.4% cost of capital, if funding cost goes up 250 basis points, it will swallow all government budget.
-Only silver lining is that the US can see the outcome if we choose that path.




What Bill Gates thinks about the Apple Tablet