Federal Home Loan Banks $1 Trillion Loss
BLOOMBERG REPORTS the Federal Home Loan Bank Board will eventually have to write off $1 trillion in loses. And, oh, yes it will have to be bailed out by taxpayers.
It will take time for Americans to realize the nation is insolvent and that trillions in mortgage securities loses will eventually be added to the exploding national debt.
1 comment
You are such a doom and “gloomer!” I can’t understand how you can sell real estate with such a negative manner! Maybe you should retire, go to an old folks home and grumble! But then, who would listen there either?!
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