GOLD & CENTRAL BANK SHIFT

``Talk continues to use both Fannie Mae and Freddie Mac as the new & improved secondary mortgage market centrifuge, but they must raise capital since they are both insolvent. Ironically, raising Freddie Mac capital might result in a Fitch debt downgrade! Forget the moral hazards. How about financial system health hazards revived by taking a twin cesspool and directing it to be the centerpiece in a national platform to resuscitate the secondary mortgage market??? The phrase “A dog returns to its vomit” seems appropriate!''