Saturday, September 29, 2007

Freddie Mac

Freddie Mac: "Hello Congress, we’re upside down and need money."
Congress: "Hello Securities Market, we’re going to need two trillion dollars."
Securities Market: "Hello Congress, we’re going to need 15% interest."
Congress: "Hello Freddie Mac, we don’t have the money."
Freddie Mac: "Hello Congress, we warned you about this, you should have raised our lending limits."

Wal Mart is still selling ammunition. Let the blame game begin:

"Freddie Mac Chief Warns of Recession"

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