I think I can speak the mind of most people tied into the world economy and say things are a bit on edge right now. As I wrote about earlier, most of this debacle was heralded by the situation with Fannie Mae and Freddie Mac. This maelstrom, however, has been brewing for years.
One of [...]
What is one of the largest pinch-points of the current economy in the United States? Mortgage loans and the housing bubble, of course. This is only one corner of the multi-faceted tower that comprises the country’s stability as a whole, and its syncopation into the world system. The government acquisition of the lending giants Fannie [...]