Housing Value = $20 Trillion
Outstanding Mortgages = $11 Trillion
Fannie Mae & Freddie Mac Share = $1.5 Trillion portfolio + $3.4 Trillion guaranteed
Household Equity = $9 Trillion ($3 Trillion > 30% decline)
Estimated Loss on All Credit = $1 to $2.7 Trillion
Capital of All Banks, Savings,
Credit Unions, Hedge Funds, GSEs = $1.7 Trillion
Fed Capital Remaining = $400 Billion
Wednesday, March 12, 2008
Are the Fed & Financial Institutions Runing Low on Ammo as Projected Losses Escalate?
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