From: M Holmes 
Newsgroups: misc.taxes alt.politics.economics sci.econ uk.legal uk.finance
Subject: Re: Dollar crash: Calculated Chaos....Calculated Collapse
Date: Sun, 18 Nov 2007 15:48:08 +0000 (UTC)
Bytes: 1922

In uk.finance P. Maffia  wrote:
> "M Holmes"  wrote in message 
> news:fhk5go$9af$1@scotsman.ed.ac.uk...
>> In uk.finance Paul Thomas, CPA  wrote:
>>
>> Not that I don't think that when Fannie and Freddie go under, this won't
>> happen anyway, but hey, what's the hurry?

> The chances of Freddie and Fannie going broke are slim under the worst 
> scenario. 

These are the entities which between them guarantee 1.4 trillion Dollars
of mortgages on an asset base of 3% 

Prime mortgages in the US are already being hit.

FoFP