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Old 07-13-2008, 06:01 AM   #1
Jennerstein
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Join Date: Jan 2006
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Jennerstein
Default Fannie Mae's Golden Goose

It looks like the next looming financial crisis might be with Fannie Mae and Freddie Mac. Thought I'd share this blog post I found from surfing some financial forums. It was buried in one of the many comments associated with a CalculatedRisk blog entry.

http://billburnham.blogs.com/burnham...-maes-gol.html

The post does a good job in summarizing how FNM capitalized on its quasi-Government status. It's a good read.
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