Today I will simply post the a missive from investor Fil Zucchi
describing the atrocity of bailing out Foreign Central Banks and other
"investors" in bad Fannie and Freddie debt.
Treasury's Double Jeopardy
Fil Zucchi Sep 08, 2008 9:30 am
Markets may not cheer GSE's nationalization for long.
"I’ll take GSE’s for $200b Alex"
"It screwed everyone involved including those who had no desire to get involved... but had no choice in the matter"
"What is the Treasury’s GSE’s black-hole-from-hell conservatorship plan?"
"Correct... you are our new champion!"
http://www.minyanville.com/...