Morton Fox (mortonfox) wrote,
Morton Fox
mortonfox

Mill River Park

Two new geocaches today, both not too far from home, although the second was a lot closer than the first. The first one I went to was Another Van Saun Log at Van Saun Park in Paramus. I know this park pretty well, having had a geocache here at one time. In addition, there have been several other geocaches in this park over the years, including one that used to be very close to the new cache's hiding spot. Anyway, this was a quick dash in from a nearby parking area. I got the FTF prize, which is a $5 Dunkin Donuts card. (Not a fan of coffee but maybe I can try the DD flatbreads.)

In the evening, I visited Island Cache. This is at Atkins Glen in Park Ridge, just one town away from home. As the name implies, this cache is located on an island in the middle of Bear Brook. I didn't have any problem crossing the brook though. At the shallowest spot, the water was only an inch deep and I could walk across on the large flat rocks.

Looks like the government finally went ahead and took over Fannie Mae and Freddie Mac. Of course, Paulson and gang did that sneakily on the weekend so that not too many people would squawk and by Monday, it would be old news. In terms of monetary damage though, it's no worse than the Housing Bailout Bill, in which the US Treasury already had an unlimited line of credit to buy mortgage paper. Here, they're just taking more direct control of the two agencies. So congrats, taxpayers! You're now responsible for $5 trillion in mortgages. Hope they all pay up.
Tags: atkins glen, fannie mae, freddie mac, geocaching, mortgage securities, van saun
Subscribe
  • Post a new comment

    Error

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 8 comments