In USSR they propped up a dying Brezhnev

https://i0.wp.com/i13.photobucket.com/albums/a258/reverbunny83/Leonid_Brezhnev_as_Marshal.jpgIn USA they prop up dying Fannie Mae.

“… putting Fannie and Freddie on the Treasury Balance Sheet is not an option as there is incentive to keep up the appearance of Fannie as a “going concern” regardless of how much money they lose (this would require too much transparency). In other words, I expect the original $100 Billion to just be a drop in the bucket.”

[nakepcapitalism]

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