Let’s talk about Fannie and Freddie, and 6 trillion of gov debt hidden off the books

When you hear that we are 18 trillion in debt, remember that doesn’t include exposure of debt of these god awful public private entities, like Fannie and Freddie.

When the creditor of last resort is the taxpayer, most accountants would say that goes on the books as a debt of the USA.

Wouldn’t you?



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