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VI.H Preview: What Canada Can Teach the US About Mortgages

By Implode-Explode Heavy Industries

"For the slightly younger Doomers out there who might have slept through that unit in History class, we're talking about the deficit including costs of the Vietnam War. And guess what? That chicken's still out there along with its friends AF & IQ, as represented by that $5 trillion or so of Fannie and Freddie debt which is still not quite on Uncle Sam's balance sheet. Those chickens may not have quite come home to roost yet, but they're certainly scratching at the door."

Full post as published by Mortgage Lender Implode-o-Meter on March 21, 2010 (boomark / email).