It's somewhat disheartening and depressing to post this, but it's the sad and honest truth. There's seriously something wrong with our financial markets today and at the root we have the collapse of Freddie Mac & Fannie Mae - The largest corporations on the face of the Earth!!! - There is a storm brewing and THIS folks may be the calm before the storm. It seriously makes me think twice about my future, my career, and much more!
Read this article and if you can grasp the concept of what just happened this week and if you can understand the complexities of the issue at hand regarding Fannie and Freddie you'll probably be just as worried as I am...and rightfully so.
The saga is just unfolding, but as this article suggest along with many more articles, commentary, analysis, and research I've dug up indicates, this very well may be the tipping point that sends the United State of America into another Great Depression....only this time it could be much worse and last much longer!
I hope and pray I am wrong and there some "plan C" lurking out there in the financial waters, but at this point it doesn't look promising!
Why The Fannie-Freddie Bailout Will Fail
by Martin D. Weiss, Ph.D. 09-08-08
http://www.moneyandmarkets.com/issues.aspx?Why-The-Fannie-Freddie-Bailout-Will-Fail-2199