[cgk]

Malkin ping.

[Orangedog]

That's because they are faceless, government-sponsored enterprises in a complex, loosely regulated, highly leveraged monopoly business that has engaged in questionable accounting practices and put billions of taxpayer dollars at risk

This is a massive under-statement. If Fannie Mae and Freddie Mac were to suffer the same fate as Enron due to not having enough reserves to cover defaults, it would make the collapse of the tech bubble look like a walk in the park. Right now, new and existing home sales are just about the only thing keeping us moving ahead.

[risk]

Malkin writes like an industrial laser.

[ikka]

Clinton-appointed board members at Fannie Mae include Marc Rich lawyer Jack Quinn and Janet Reno's lieutenant at the Justice Department, Jamie Gorelick. At the helm of Fannie Mae is another Clinton appointee, Franklin Raines, who was paid more than $4 million and had almost $6 million in unexercised stock options in his first year at the helm.

Who says crime doesn't pay?

[Fractal Trader]

Are GSE's the real source of our economic malaise? Which is worse, Freddie Mac irregularites or Martha Stewarts charges? Who should really be going to jail?

Free Republic Stock Market/Economy Discussion List. Freep Mail me if you want on or off this list.

[coloradan]

FYI

[Beck_isright]

Bump for later

[Dante3]

bttt