“It appears destined for a taxpayer bailout in the next 24 to 36 months,” consultant Edward Pinto said in testimony prepared for a House committee hearing in Washington today. Pinto was the chief credit officer from 1987 to 1989 for Fannie Mae, the mortgage-finance company that is now government-run.My hunch is that the bailout will be needed sooner, and the final amount will be larger.
FTAV’s further reading
-
Passive; prisons; porn; post-SEO and Elon (sigh)
No comments:
Post a Comment