THE FREE AND CLEAR PRESS

[thepennyking]

Without the two monopolistic pillars in place supporting each other, real estate prices would collapse, and WAMU, Countrywide and the other top 100 mortgage banks in the country would also experience a severe liquidity crisis and stock price collapses.

Strategically, Soros and Buffet could be in the best position now to stop shorting the dollar and work the with Japanese to enter the Japanese market. Resona Holdings, the fifth largest bank in Japan is still in financial trouble despite help from Merrill and Goldman Sachs.

Federal Reserve Chairman Alan Greenspan insisted that Freddie Mac and its larger sister Fannie Mae, major players in the multibillion-dollar home mortgage market, shouldn't be exempt from the public disclosure requirements that apply to nearly all other publicly traded companies. And leaders of the House Financial Services Committee called hearings into Freddie Mac's accounting troubles over the last three years.

http://www.sunherald.com/mld/sunherald/business/6050848.htm