"Weltweite Depression", wenn Fannie Mae und Freddie Mac zusamenbrechen

William Rees-Mogg, Columinist der New York Times, schreibt in der heutigen (14. Juliy 2008) Ausgabe, dass ein Zusammenbruch der beiden Hypothekenfinanzierer Fannie Mae und Freddie Mac eine Weltwirtschaftskrise anno 1929 auslösen können.
"Most of the stock market's loss in value took place in later years as the Depression deepened. Three years after its initial crash and shortly before the 1932 election, the Dow Jones Industrial Average had fallen to 34, a loss of more than 90 per cent in less than three years. The Dow did not return to its 1929 peak of 381 until a quarter of a century later at the end of 1954."

Die beiden Hypothekenfinanzierer sichern die Hypotheken des US-Immobiliensektors nach dem Zückzug diverser Banken fast im Alleingang. Ihre Schuldverschreibungen belaufen ich auf annähernd $ 5 Billiarden, was ca. 1/3 des gesamten Bruttoinlandsprodukt der Vereinigten Statten ausmacht.
"These are far bigger than the investment bank Bear Stearns and Northern Rock put together. They have brought the crisis from the level of billions of dollars, to the level of trillions. No doubt they will be saved because the US would be bust if they went down. But you cannot save six- trillion-dollar institutions without suffering on a large scale."

William Rees-Mog sieht die Anzeichen einer neuen Weltwirtschaftsdepression deutlich vor Augen. "The debt crisis, the banking crisis, the property crisis, the oil crisis, the shift to Asia, the bear market in stocks, are huge global adjustments that have all come together at the same time."

Und aus unseren Geschichtsbüchern weiß man, dass diese Wirtschaftskrise den Weg für so nache Diktaturen, vor allem in Europa, ebnete. "Before we get back to balance, we may see dramatic changes in politics, as well as in business and finance."

Zur Person:
"William Rees-Mogg has had a distinguished career with The Times and The Sunday Times. He was Deputy Editor of The Sunday Times before becoming Editor of The Times in 1967, a position he held until 1981. He was made a life peer in 1988. Since 1992 he has been a columnist for The Times, writing on a variety of issues. He has also been chairman of the Broadcast Standards Council and British Arts Council"

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