- May 20, 2009
- 144,236
- 66,532
- 2,330
The Federal Reserve was established to be a "lender of last resort" yet when called upon they let banks fail including Bank of United States and then drained 1/3 of the money out of the economy igniting the FDR Depression.
Fannie and Freddie were supposed to facilitate bank financing of residential property and were the twin black holes that sucked trillions of wealth from the US economy
"If they told you wolverines made good house pets would you believe them?"
Stop believing them.
Fannie and Freddie were supposed to facilitate bank financing of residential property and were the twin black holes that sucked trillions of wealth from the US economy
"If they told you wolverines made good house pets would you believe them?"
Stop believing them.
