Status Report on the Collapse of the U.S. Economy »
Posted by: hyperbola 1 month, 2 weeks agoThe producing economy of working men and women is being crushed by the overall debt burden on households, businesses, and governments that could reach $70 trillion by 2010. The financial system, including mortgage giants Fannie Mae and Freddie Mac, is bankrupt, as the debts it is based on cannot be repaid.
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hyperbola
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