Released on: August 14, 2008, 12:02 pm

Press Release Author: Ed Mcmahon

Industry: Financial

Press Release Summary: US Government may eventually have to bail out the entire
mortgage industry says World Capital Solutions

Press Release Body: In a briefing to investors, World Capital Solutions have
reportedly asserted that MBSs (Mortgage Backed Securities) may yet still be the
single largest threat to the US economy because of the pressure it places on the US
dollar.
The briefing suggests that people no longer have legitimate reasons to hold dollars
as they cannot trust in its value. World Capital Solutions believe that the bail out
of Freddie Mac and Fannie Mae, the government-sponsored wholesale mortgage entities
that own or guarantee half of the $12 trillion of US mortgage debt, will cost far in
excess of the $150bn mooted by the US Treasury Secretary, Hank Paulson.
Whilst World Capital Solutions are not thought to be as bearish on other currencies,
rumours suggest the investment management firm suspects that other countries'
financial systems may be contaminated to the point where their currencies will be
adversely affected as well.
World Capital Solutions are thought to cite gold as the only undervalued currency in
the current climate and, despite market continued reference to it as a commodity,
the briefing reportedly concludes with a reiteration of their advice to invest in
the precious metal.


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Contact Details: Ed Mcmahon
media@24-7-news.net