Powder Blue Report

News, finance, politics, sports, and fun from the west coast

Sunday, July 13, 2008

You Better Keep Your Mouth Shut About Fannie Mae & Freddie Mac or else.....

the feds will really, really, really be angry with you! Here is their press release from the SEC stating as much. You can't say things things like they are insolvent or they will have to get bailed out because that would be rumor mongering and just wrong. God forbid someone tell the truth about our imploding real estate and mortgage market & the economy in general. The Asian markets will be opening up here in a few hours. It should be an interesting next couple of days & weeks.


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