Dollar Collapse – Firms Which Underpin Trillions In Home Loans Implode – Bailout Equals Dollar Destruction
Peter Schiff sees socialization of United States bubble economy will sink the Federal Reserve Note. US mortgage giants Fannie Mae and Freddie Mac are facing growing pressure as fears intensify about a potential calamity at the firms, which underpin trillions of dollars in home loans. Together they own or guarantee some US$5.2 trillion in loans, [...]
