SR-6; ProPublica.org; JAG/1; US/1; ATTN: US/12; FPC/1; HST/2
[ed.note: When the Russian Federation, furious over US covert Special Operations training and involvement the Georgian Republic during the Russian military incursion 2008 (Summer), finally agreed with the People’s Republic of China to threaten to pull out its $100 BILLION or so investment in FANNIE, along with the PRC’s approx. $340 BILLION, the Federal Reserve and the Treasury Dept. hand was forced to take over Freddie and FANNIE ($14 Trillion in potential liabilities), pushing the US banking system and its highly over-leveraged mortgage-backed derivatives and many other related CDSs and CDOs (Credit Default Swaps and Collateral Debt Obligations) TO THE BRINK of INSOLVENCY by the fateful CRASH of 15 September 2008.
ProPublica, Jan. 21, 2011, 12:19 p.m.
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