Fannie Mae Needs $8.4 Bil in Aid After 1st Q. No surprise here!
EU announce $1 trillion bailout for Greece. So they are solving the debt crisis...with more debt. What happens when stimulus money and bailouts run out? More? They are pimpin' the stock market right now because of this.
Greece's debt crisis will get worse, Portugal is starting to have a big debt crisis. Spain and Italy are next. This will eventually come ashore here in the U.S.
Knowing money is created from debt, there is no solution to this problem working under the system we are currently under.
What next? Well look at the trends over the past 10 years. Is it getting better or worse?
Tony
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