September 7, 2008

Gov't Takes Over Two Giant Financial Entities; Fannie Mae & Freddi Mac

In an astonishing and unprecedented move, the federal government of the United States has taken over two giant mortgage entities, Fannie Mae and Freddie Mac.

This is the biggest takeover of financial institutions since the Great Depression and proves yet again that my warnings about financial collapse were prescient.

The worst is yet to come. . . . .

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