A cartoon two-fer! And then there is this one also:
Pimco’s Gross: Fannie, Freddie Mortgages...
Let’s call this a bit of counter programming to all of our negative coverage of Fannie Mae (FNM) and Freddie Mac (FRE): Bill Gross,...
How Much of Fannie/Freddie Paper is Held Overseas?
Question: How widely held is Fannie Mae and Freddie Mac paper? Answer: Very. Via Monday’s NYT: "For more than a...
End of Illusions for GSEs
This is the single best piece I have read to date on Fannie Mae (FNM) and Freddie Mac (FRE) via the Economist: "After a headlong...
“One of the Wildest Chapters in the History of Lending...
James Grant on our current financial situation: "Since the credit crisis burst out into the open in June 2007, inflation has risen...
Moral Hazard & Risky Precedents
Excellent discussion from PBS News Hour, on Moral Hazard: click for video> > Sources: Bailout of Mortgage Firms Could Set Risky...
A Nation of Whiners? No, Just Wall Street Beggars
Pathetic, but all too true: "Phil Gramm, the senator-banker who until recently advised John McCain’s campaign, did get it...