Thu 2008-07-10 00:00 EDT

Mish's Global Economic Trend Analysis: Former Fed Governor Says "Fannie, Freddie Insolvent"

former St. Louis Federal Reserve President William Poole: "Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer"

Fannie; Fed Governor Says; Freddie Insolvent; Mish's Global Economic Trend Analysis.