I see trees of green, Red roses too....

Freddy and Fanny , two Government Created companies that are floundering own over half of the 12 TRILLION DOLLARS worth of mortgage debt. Do not let anyone fool you with vain words, these two are insolvent. Now the Government is looking at ways to save their little fascist couple and allow them to live a little longer. The problem is however that the Government is way beyond their constitutional limitations on several counts. One being the creation of these companies by the Fascist FDR in the 30s and Nixon in the 70s. Another being their plan to tap all the taxpayers in the country in order to bail them out. One fellow with some fiscal understanding said it best:

"The federal government can't afford to take over all of Fannie Mae's and Freddie Mac's operations, because such a move would more than double federal government debt outstanding and ``have disastrous consequences for the dollar,'' said Joshua Rosner, an analyst with Graham Fisher & Co. Inc. in New York."....

United States -
TOKYO, July 11 (Reuters) - The U.S. government is considering taking over the top U.S. mortgage lenders Fannie Mae and Freddie Mac and placing them into conservatorship if their problems worsen, the New York Times reported, citing people briefed about the plan.
Under conservatorship, the shares of Fannie and Freddie would be worth little or northing, and any losses on the mortgages they guarantee would be paid by taxpayers, the New York Times said in the report published late on Thursday....

Folks this is real real big and as long as it is look for Gold to be up and the dollar down in relationship to real stuff. Also keep an eye on Israel and their sabre rattling. They know that a threat to bomb Iran will drive the price of Oil up.. and if they do it .. WAY UP and that helps their bottom line in wall street. Could you imagine being able to control the price of your commodities and your investments just by bombing or threatening to bomb another country?

July 11 (Bloomberg) -- Crude oil rose more than $4 to a record on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria threaten to cut supplies.
Oil rallied to a record high of $145.98 a barrel after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran.

Update: 9:16 AM OIL: 146.45.... GOLD 961.50.... Silver 18.61... DOLLAR DOWN (72.27)
Update: 10:13 PM OIL: 144.41...GOLD 965.40....Silver 18.87... DOLLAR DOWN (71.89)
DOW JONES DOWN 128.48
UPDATE 7:55AM 7/15 OIL 146.21....GOLD 986...Silver 19.46..DOLLAR DOWN (71.40)
P.S. Lowest EVER AGAINST THE EURO....1.6006
And now you know another reason we went into Iraq....

What a wonderful world...