A TRILLION HERE, A TRILLION THERE

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PRETTY SOON WE'RE TALKING REAL MONEY

TEN TRILLION IN MORTGAGES OUTSTANDING JUST IN THE UNITED STATES

MEAT FANNIE MAE




Five Trillion Guaranteed By You, The Taxpayer, Through Fannie Mae (FNMA) & Freddie Mac (FHLMC)

Do the math: How many of those mortgages are no damned good at all? How many homeowners/ mortgagors have simply walked away from homes they paid too much for, with loans that have become too expensive? How many borrowers are not now, or never were credit-worthy? How many properties were not correctly (or honestly) appraised, or have become devalued far below their appraised value? How many mortgage bankers and brokers have pushed these bad loans off on someone, and then dumped the results on the Federal government, a.k.a., You? Better get your calculator out.

Here's what a trillion looks like. Picture all the stars in the sky, all the fish in the sea, every grain of sand on a beach. Imagine a time before human beings even existed, before the dinosaurs, before the Earth was even formed, before the cosmos came into being; or, in the future, long after the universe has ceased to exist; more years than that, even. Think of how many cells there are in your body. Now you're up in the trillions. That's how much you owe China and Japan and Singapore and a bunch of other foreign countries, as of this morning, and for the rest of your life, and your children's lives, and your grandchildren's lives. Here's what the numbers look like. Get ready. Open your wallet. GO!


A TRILLION
1,000,000,000,000
EQUALS
A BILLION
1,000,000,000
TIMES
A THOUSAND
1,000

AND

A MILLION
1,000,000
TIMES
A MILLION
1,000,000
EQUALS
A TRILLION
1,000,000,000

OR

TEN BILLION PLUS TEN BILLION PLUS TEN BILLION . . . A HUNDRED TIMES:

10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 +
10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 + 10,000,000,000 +


A TRILLION DOLLARS!!!

THE GUARDIAN
"Welcomes but warnings for Fannie, Freddie rescue plan"

' Fannie and Freddie own or guarantee $5 trillion of debt, close to half the value of all U.S. mortgages. Foreign central banks, mostly in Asia, hold $979 billion of the bonds and mortgage-backed bonds sold by the agencies. "At the end of the day, the holders of agency debt are significantly in overseas hands and foreign central banks. They had to do this because confidence could weaken further, and that would be very, very bad for the dollar," she said. Both Freddie and Fannie said they were adequately capitalised but welcomed government support. The Treasury said it would temporarily raise its line of credit to the two mortgage financiers, as well as purchase equity in them, a step never taken before, if needed. The Fed said Fannie and Freddie could have access to its emergency cash. '

By which they mean YOUR money...


Let's see . . . One school costs $200 million, that would be five thousand really big, fancy new high schools; one hundred in each State.

One hospital costs $500 million, so you could have built two thousand pretty nice new hospitals, forty in each State.

One solar photovoltaic electricity system, $50,000 for every one of the 100,000 households in America, eliminating most of the consumer demand for electricity generated by oil, coal, gas, nuclear and hydroelectric power plants. And you'd have enough left over to buy everybody a hybrid car, cutting demand for gasoline by up to 50%.

But NOOOOOO!!! You had to go and give all that dough away to a bunch of speculators who lost money in the secondary mortgage market!! STUPID, STUPID, STUPID!
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