Fannie MAE and Freddie MAC

06/05/2004

As the world slides toward economic crisis, the nation’s leading mortgage investment securities are sliding into worthlessness while Congress and the Fed quietly back away from supporting them. Catherine Austin Fitts, former Undersecretary at HUD under Bush 1, ( www.solari.com ) says they’re sucking the wealth of the middle class with them.

We also run clips of Laurie Mylroie, who has been an SOS guest over the years, and who now says the U.S. has badly defined the enemy in the terror war, causing a blurry prosecution of the war.

John’s boralogue notes the recent passing of two German women, Leni Riefenstahl and Traudl Junge, both of whom had lessons to teach us about how intelligent people can be co-opted into agendas they know nothing about.

 

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