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Inside Wall Street: That Ticking Sound You Hear Out in the Mortgage Market is the FHA
The fundamentals of economic strife based on the disastrous collapse of the U.S. housing market will not get better any time soon. In fact, what’s being pushed through both houses of Congress, even as you read this, is so dangerous that it should be immediately abandoned and revealed for what it is – a ticking time bomb labeled with the initials FHA.
In the past few days alone, the Bernanke Bomb Squad – also known as the U.S. Federal Reserve – was able to defuse two ticking time bombs – Fannie Mae (FNM) and Freddie Mac (FRE) – before
the full force…
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