How do you like owning the financial sector of the United States? Before you get too cheerful about that, remember you are going to pay a lot for something that is worth very little….

How much? Current ‘worst case’ scenarios are up to a trillion dollars. But, I think we have already reached that figure and then some. Fannie and Freddie guarantee more than $5 trillion and we own them. And now, of course, we are guaranteeing up to another $700 billion.

Where will you and I get the money. Print it, of course. And the last time I checked that was called inflation: Big time.