http://www.bbc.co.uk/blogs/newsnight/paulmason/2008/09/fannie_freddie_and_the_five_tr.html en-gb 30 Fri 01 Jan 2010 07:41:24 GMT+1 A feed of user comments from the page found at http://www.bbc.co.uk/blogs/newsnight/paulmason/2008/09/fannie_freddie_and_the_five_tr.html http://www.bbc.co.uk/blogs/newsnight/paulmason/2008/09/fannie_freddie_and_the_five_tr.html?page=15#comment3 See, this is my problem, I only only a few thousand and the pressure is on. If I had borrowed a few trillian, then I would be on easy street. I certainly need to up my game! Fri 12 Sep 2008 22:50:33 GMT+1 http://www.bbc.co.uk/blogs/newsnight/paulmason/2008/09/fannie_freddie_and_the_five_tr.html?page=10#comment2 I guess this where we have to hope that nobody questions whether the US Govt is solvent? Mon 08 Sep 2008 11:45:20 GMT+1 http://www.bbc.co.uk/blogs/newsnight/paulmason/2008/09/fannie_freddie_and_the_five_tr.html?page=5#comment1 WISDOM v CLEVERNESS yet again."a level of honesty from the world's politicians" Hollow laugh.Politicians are people who have sought power and been granted it by the masses, neither having the wisdom to know the nature (failings) of self or other. In the world as currently configured, and accepted, it is OK to be clever. But clever brought us to this debacle. With wisdom, it could never have been possible.Only this morning Katherine Whitehorn's 'Point of View' regarding 'The Market' as a loving, providing god, was repeated. 15 minutes of common sense that our politicians dare not address. Government will not promote wisdom - it is sunlight to their vampire-ethos. But where is the philanthropic institution that will brush aside the poison of cleverness and bring wisdom the young? And with that wisdom, a glimmer of hope for the future? Sun 07 Sep 2008 16:51:06 GMT+1 http://www.bbc.co.uk/blogs/newsnight/paulmason/2008/09/fannie_freddie_and_the_five_tr.html?page=0#comment0 So US debt is about 10 trillion dollars - in a classical market they should/will have increasing difficulty in financing new debt issues and have to do so at higher interest rates to say nothing of the Congress cap!How can they run their hugely expensive foreign wars now - they will for sure have increased difficulty in starting new ones.The synthetic financial instruments have effectively siphoned huge quantities of liquidity out of the US housing market where it has been destroyed and into speculative hedge funds and foreign sovereign funds These are the organisations who will have to finance US debt issues. The question is will they and at what price?The other problem is that the establishing of which organisations own Freddie and Fannie paper. This may be our Banks and institutions. What is it worth on Monday morning? (Perhaps nothing!)You thought that Northern Rock was rather bad this is a cataclysmic disaster in comparison - 25 times the size. It is like the loss of a couple of the middle sized UK clearing Banks. Sun 07 Sep 2008 15:58:05 GMT+1