Make no mistake, when (not if) it collapses yet again, you will be on the hook for the tab, and your children, and their children, and their children, etc... While we're at it, let's add banks, car companies, student loans, etc. to the list of things that we're on the hook for. Americans should never forget those who did this to their nation.
U.S. Taxpayers on Hook for $5 Trillion of Fannie, Freddie Debt ... No Matter What Barney Frank Says
...The U.S. government placed Fannie Mae and Freddie Mac in conservatorship in September 2008: "This means that the U.S. Taxpayer now stands behind $5 trillion of GSE debt," according to the Congressional Research Service.
The problem is that $5 trillion of so-called agency paper is not treated as if it is a debt of Uncle Sam for accounting purposes, says Richard Suttmeier, chief market strategist at Niagara International Capital and ValueEngine.com.
"Get it on the balance sheet - that's where it belongs," Suttmeier says. "Add it to the $14.2 trillion in [federal] debt and let's move on."...
...Coincidentally (or not), the FDIC is allowing U.S. banks until 2012 before forcing them to fully write-down bad or toxic loans, which is "another time bomb ticking," Suttmeier says. "They're hoping the public market comes back into the mortgage arena...
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Here's a fun science project.
Here's a fun science project. We're going to make a trillion-dollar company. Better strap on your safety goggles for this one mcsa dumps.
Take a wildly popular, $450 billion firm that's listed on various stock exchanges around the world, and run an IPO in mainland China, the company's home turf. You don't need to issue a whole lot of shares to make this experiment work, by the way -- something like 2% of the total should do the trick oracle certification.
Price the shares at a discount, so that they're affordable for the People. You know they're going to bid the heck out of them, so why not score some popularity points with the punters in the process?
Because Chinese investors aren't free to shop around outside the People's Republic, this is their only crack at the company's catapulting shares. As is the case with dual-listed Aluminum Corp pmi certification. of China (NYSE: ACH) and China Petroleum & Chemical (NYSE: SNP), the share price in other markets has no bearing on the domestic price, so the People will go ahead and bid up the stock more than 150% on the first day of trading. Have the government convert its 87% stake into domestic shares, and voila -- one trillion dollars' worth of market cap vmware training.