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Flexed their muscles. they have large invest in the the two mortgage giants fannie mae and freddie mac which were taken over from the federal government after trillions of losses chiechltna and japan made it clear they expected the u.s. to guarantee every last dollar. most americans don t know it. the fact of the matter is the reason the taxpayers are now on the hook for $5 trillion in con stin gent liabilities for contingent liabilities for fannie mae and freddie is the chinese and japanese demanded it. reporter: if we said no they might have been less willing to loan us more money, especially at reasonable rates. we re so desperate for money, so addicted it makes us vulnerable to pressure. if china decides to exercise it. bret? bret: staggering numbers. part three tomorrow. thank you, jim. pending sales of previously-owned homes edged up in december by 1 percentage point. the index has has rizzen in ni of ten months. the stocks gained 111 1/2. s&p finished ahead 14 and ....
Flexed their muscles. they have large invest in the the two mortgage giants fannie mae and freddie mac which were taken over from the federal government after trillions of losses chiechltna and japan made it clear they expected the u.s. to guarantee every last dollar. most americans don t know it. the fact of the matter is the reason the taxpayers are now on the hook for $5 trillion in con stin gent liabilities for contingent liabilities for fannie mae and freddie is the chinese and japanese demanded it. reporter: if we said no they might have been less willing to loan us more money, especially at reasonable rates. we re so desperate for money, so addicted it makes us vulnerable to pressure. if china decides to exercise it. bret? bret: staggering numbers. part three tomorrow. thank you, jim. pending sales of previously-owned homes edged up in december by 1 percentage point. the index has has rizzen in ni of ten months. the stocks gained 111 1/2. ....