Did ya know Fannie & Freddie were leveraged 95x at the peak of the housing bubble? Yeah...

CNBC's David Faber interviews investor Kyle Bass:

(If you can't see the embedded video, go here.)


Important notes...

* - "Why is the taxpayer losing a dime" on Fannie and Freddie?

* - Washington is more sensitive to Chinese losses than losses to the US Taxpayer.

* - We must end the corrupting situation where Fannie & Freddie lobby and contribute to their Congressional overseers.

* - Japan is the canary in the coal mine for sovereign debt and deficit spending... and we're 10-12 years away from being Japan.

Posted by: JoeCollins at 12:49 PM | Comments (4) | Add Comment
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