Have a read of this article from market ticker..

geoffky

the figures are mind blowing..

http://market-ticker.org/archives/1168-Agency-MBS-Mortgages-Better-Read-This!.html




The longer we keep this fraud going between Treasury and The Fed the worst the impact on our economy will be when it unravels - and unravel it will.
It is inevitable.
Did you keep your bomb shelter around after the 50s? You might need it for shelter from this economic storm - the one that all the pundits claim is "over" when in fact we are simply sitting in the eye of a Cat 5 hurricane and the eyewall is bearing down on us at 30 knots.
Don't believe the lies - the math is never wrong.

ad9898_3

Good find Geoff, I've been saying for weeks that we are in the eye of the storm, the eye has been articially manufactured by media spin and propaganda, here and in the States, round 2 isn't too far away now.

tommy75

ding ding?

1984ReturnsForReal_2

Personally I think there will be 3rd round in 2nd Quarter 2010 circa 6-8 months after the 2nd.

PasturesNew

Looked, skimmed, saw some pretty pictures ... nothing went in or was understood.

ad9898_3

PasturesNew wrote: »

Looked, skimmed, saw some pretty pictures ... nothing went in or was understood.

Your a woman PN, don't you worry your pretty little head about it.:D

amcluesent

Warning: Britain faces new recession

Economy set to relapse into dreaded 'double-dip' downturn.

A continuing drought in bank lending, evidenced in the latest figures from the Bank of England, and the threat that spiralling public borrowing will feed through to higher interest rates and inflation, are judged by international economists to be mortal dangers to a sustained recovery.

The Organisation for Economic Cooperation and Development (OECD), which comprises the 30 most advanced economies in the world, added to the gloom, saying that Britain remained "deep" in recession and faced a "bleak short-term outlook".

"The recovery is likely to be slow and unemployment is expected to climb significantly," it said, adding that the Treasury could do "considerably more" to fix the public finances.

Most embarrassing for ministers is the OECD's "health check" on important public services. The OECD agreed that, since Labour came to power in 1997, health spending has "surged" but "the returns so far appear modest".

Ironically, given official enthusiasm for "league tables", the OECD says the UK's economic future is endangered by the inequality of educational achievement – a factor which has left the UK towards the bottom of the league table of advanced economies for social mobility.

FACT: CLown has squandered hundreds of ££ Billions for bu**er all benefit. His tawdry legacy will be austerity, hunger, misery, crime and disease.

Mrs_Bones

PasturesNew wrote: »

Looked, skimmed, saw some pretty pictures ... nothing went in or was understood.

Glad it wasn't just me

tomterm8

PasturesNew wrote: »

Looked, skimmed, saw some pretty pictures ... nothing went in or was understood.

Basically, if the article is right, the US government is bank rolling two companies to the tune of 600 billion dollars. As of March, the US federal government tax receipts were $87.3 billion. Given the US federal deficit raised to $192.8 billion in February, it is thought that when and if the US government realises the losses there will be flashing lights going off all over the credit market.

or to put it another way

"Income, twenty shillings a week, expenditure, twenty shillings and sixpence; result, misery. Income, twenty shillings a week, expenditure, nineteen shillings and sixpence; result, happiness."

Just change the shillings to bazillions, and you are there.