Tuesday, March 16, 2010
1. "Atlas Shrugged" taxes blow up in Maryland’s face
 
2. U.S. budget deficit explodes to largest in history
 
3. Forget Greece, this is the big danger to U.S. investors
 
1. This could be the next country to fall apart
 
2. "Atlas Shrugged" taxes blow up in Maryland’s face
 
3. Possibly the greatest mining boom of the 21st century
 
4. Top money manager rips CNBC and Jim Cramer
 
5. This powerful indicator is forecasting another leg down
 
Fannie Mae blowup to cost "mindblowing" $448 billion
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Friday, January 15, 2010
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From Zero Hedge:

Laurie Goodman of Amherst Securities and formerly of UBS, has come out with a damning report, which estimates that the total losses at Fannie and Freddie could be as high as a mindblowing $448 billion.

Keep in mind that so far the government has injected $112 billion into the nationalized entities. Yet if this estimate is correct, another $336 billion will have to be funneled from taxpayers. This money will have to come from new debt issuance and is certain to add to the multi trillion budget deficit.

Also, putting the banker tax in perspective, the number is nearly three time greater than the $120 billion expected to be collected over a period of many years, and causing...

Read full article...
 
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Topics: Mortgages | Government Stupidity | Boondoggle
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