Monday, January 04, 2010

The biggest loser........

in 2009 was the American taxpayer. On Christmas Eve, 2009, one of the largest massacres in the history of the American taxpayer took place when the Treasury Department lifted the caps on the potential guaranteed losses of both Fannie and Freddie Mac as well as the limits on how much more money they both can borrow to keep afloat.

This will go down as one of the sickest moments in American financial history.

Just wait and see.

The ship isn't on the rocks, the ship isn't out of fuel, the ship's sails aren't torn. The ship is headed only one way and Americans don't have a clue.

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