Guess who's going bankrupt now...LOL

As Mr. Stansberry writes:

“No one believed me years ago when I said the world’s largest mortgage bankers would soon go bankrupt.

And no one believed me when I said GM would fall apart… or that the same would happen to General Growth Properties.

But that’s exactly what happened.”

Expert Says: “Look who’s going bankrupt next in America”
New currency law—part of H.R. bill 2847—now in effect. Could make situation worse

“For those of you who don’t work in the financial industry, it might be hard for you to immediately grasp what’s so dangerous about the extreme amount of leverage employed by Fannie Mae and Freddie Mac. Let me explain exactly what Fannie and Freddie do and why they’re in so much jeopardy…”

We all know what happened next. Both agencies went bust—and if not for a bailout from the Federal Government, both would have declared bankruptcy.

Barron’s—America’s second biggest financial newspaper—even wrote a story about Mr. Stansberry’s accurate prediction short, and called it “remarkably prescient.”

[link to thecrux.com]