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January 23, 2010



Link needs fixing.

I think what Barney is saying is that he's tricked out Mae and Mac as much as he can, and can no longer use it as a vehicle to redistribute wealth. Therefore, a new model must be created so he can do it all over again.

Sadly, people are saying his seat is safe :(.


Jan. 29 (Bloomberg) — Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said.
Paulson learned of the “disruptive scheme” while attending the Beijing Summer Olympics, according to his memoir, “On The Brink.”
The Russians made a “top-level approach” to the Chinese “that together they might sell big chunks of their GSE holdings to force the U.S. to use its emergency authorities to prop up these companies,” Paulson said, referring to the acronym for government sponsored entities. The Chinese declined, he said.

Why does this smell of South Ossetia ?

Did the Russians eventually trigger the near financial collapse ?

Does this mean it wasn't Bush's fault ?

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