Freddie and Fannnie: telling it like it is.

[NotCranky]

“At what point does the bad debt outweigh the source of guaranteeing that debt, and more importantly, then what?”

Insert JWM post here.

Mr. Paulson says the two gse’s must continue in their current form shareholder corporate form. We must wait until Hilobama is in office to officially “Nationalize” them. For now handouts will do. What sarcasm?

[gdcox]

San Diego native

For info, William Buiter is originally Dutch and has joint US and UK citizenship so I guess he must be unbiased.

The US is certainly lucky to have Fannie and Freddie and whatever they turn into otherwise the market collapse would have set a record for centuries. But then again, maybe the boom occurred because of their existence…for after all they created securitisation.

[gdcox]

San Diego native

For info, William Buiter is originally Dutch and has joint US and UK citizenship so I guess he must be unbiased.

The US is certainly lucky to have Fannie and Freddie and whatever they turn into otherwise the market collapse would have set a record for centuries. But then again, maybe the boom occurred because of their existence…for after all they created securitisation.

[gdcox]

San Diego native

For info, William Buiter is originally Dutch and has joint US and UK citizenship so I guess he must be unbiased.

The US is certainly lucky to have Fannie and Freddie and whatever they turn into otherwise the market collapse would have set a record for centuries. But then again, maybe the boom occurred because of their existence…for after all they created securitisation.

[gdcox]

San Diego native

For info, William Buiter is originally Dutch and has joint US and UK citizenship so I guess he must be unbiased.

The US is certainly lucky to have Fannie and Freddie and whatever they turn into otherwise the market collapse would have set a record for centuries. But then again, maybe the boom occurred because of their existence…for after all they created securitisation.

[gdcox]

San Diego native

For info, William Buiter is originally Dutch and has joint US and UK citizenship so I guess he must be unbiased.

The US is certainly lucky to have Fannie and Freddie and whatever they turn into otherwise the market collapse would have set a record for centuries. But then again, maybe the boom occurred because of their existence…for after all they created securitisation.

[34f3f3f]

Gdcox, I think the issue here needs to be scrutinized and people need to be told the truth. The New York Times ran three articles on Sunday, one of which pointed the finger at lobbyists, silencing the competition by monopolist means, congressmen being recruited onto the boards, paying off charities to keep their silence etc. It seems powerful interests were being protected, and a few loners who said this was going to happen unless regulation was tightened were ignored.

BTW, gd, do you like marmite? 🙂

[34f3f3f]

Gdcox, I think the issue here needs to be scrutinized and people need to be told the truth. The New York Times ran three articles on Sunday, one of which pointed the finger at lobbyists, silencing the competition by monopolist means, congressmen being recruited onto the boards, paying off charities to keep their silence etc. It seems powerful interests were being protected, and a few loners who said this was going to happen unless regulation was tightened were ignored.

BTW, gd, do you like marmite? 🙂

[34f3f3f]

Gdcox, I think the issue here needs to be scrutinized and people need to be told the truth. The New York Times ran three articles on Sunday, one of which pointed the finger at lobbyists, silencing the competition by monopolist means, congressmen being recruited onto the boards, paying off charities to keep their silence etc. It seems powerful interests were being protected, and a few loners who said this was going to happen unless regulation was tightened were ignored.

BTW, gd, do you like marmite? 🙂

[34f3f3f]

Gdcox, I think the issue here needs to be scrutinized and people need to be told the truth. The New York Times ran three articles on Sunday, one of which pointed the finger at lobbyists, silencing the competition by monopolist means, congressmen being recruited onto the boards, paying off charities to keep their silence etc. It seems powerful interests were being protected, and a few loners who said this was going to happen unless regulation was tightened were ignored.

BTW, gd, do you like marmite? 🙂

[34f3f3f]

Gdcox, I think the issue here needs to be scrutinized and people need to be told the truth. The New York Times ran three articles on Sunday, one of which pointed the finger at lobbyists, silencing the competition by monopolist means, congressmen being recruited onto the boards, paying off charities to keep their silence etc. It seems powerful interests were being protected, and a few loners who said this was going to happen unless regulation was tightened were ignored.

BTW, gd, do you like marmite? 🙂

[stockstradr]

Brilliant FT article. Thanks for posting.

I greatly respect FT. It was one of five newspapers that landed on my stoop each morning; however, it broke my heart to cancel it several weeks ago as my wife complained that newspapers are taking over the house. Also, wives as a rule HATE it when husbands take them out to dinner only to bring several newspapers along which then command far more of husband’s attention during the meal than goes to wife!

[stockstradr]

Brilliant FT article. Thanks for posting.

I greatly respect FT. It was one of five newspapers that landed on my stoop each morning; however, it broke my heart to cancel it several weeks ago as my wife complained that newspapers are taking over the house. Also, wives as a rule HATE it when husbands take them out to dinner only to bring several newspapers along which then command far more of husband’s attention during the meal than goes to wife!

[stockstradr]

Brilliant FT article. Thanks for posting.

I greatly respect FT. It was one of five newspapers that landed on my stoop each morning; however, it broke my heart to cancel it several weeks ago as my wife complained that newspapers are taking over the house. Also, wives as a rule HATE it when husbands take them out to dinner only to bring several newspapers along which then command far more of husband’s attention during the meal than goes to wife!

[stockstradr]

Brilliant FT article. Thanks for posting.

I greatly respect FT. It was one of five newspapers that landed on my stoop each morning; however, it broke my heart to cancel it several weeks ago as my wife complained that newspapers are taking over the house. Also, wives as a rule HATE it when husbands take them out to dinner only to bring several newspapers along which then command far more of husband’s attention during the meal than goes to wife!

[Author]

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