To properly start this newsletter, allow me to quote myself from my last newsletter: "Everyone is all up in arms about Fannie Mae and Freddie Mac.  The big concern on Wall Street is that these two mortgage giants are going to collapse under the weight of all these bad loans that they have been accumulating over the course of the past five years.  If they did happen to close their doors, it would cause a catastrophic chain reaction across the mortgage, finance and real estate markets that [...]

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