To: presidio9
No.
You are. The pattern is just like ENRON. Hundreds of Millions in losses hidden by fraud. Fannie and Freddie were trading mortgage derivatives like enron was trading power. Corporate insiders were getting rich. You know what happened to ENRON don't you? Wait, watch, listen.
56 posted on
03/01/2006 1:10:50 PM PST by
ex-Texan
(Matthew 7:1 through 6)
To: ex-Texan
Can you please define a "mortgage derivate" for me, and how they effect the balance sheets of Fannie and Freddie?
BTW, I am a former mortge derivate trader.
58 posted on
03/01/2006 1:13:06 PM PST by
presidio9
("Bird Flu" is the new Y2K Virus -Only without the inconvenient deadline.)
To: ex-Texan
ROTFLOL........you have now JUMPED THE SHARK!
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson