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Radical Transparency for the Mortgage and Real Estate Industries
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The Fannie Mae and Freddie Mac Poker Game

Started by JeffX · 11 months ago

Fannie Mae and Freddie Mac’s recent Wall Street nose dive is an interesting study in how equity market emotionally charged speculative economics have infected the debt sector.  The whole string of events that have brought things to where they are today also resembles a poker game, where no one shows their hand until the verySHARETHIS.addEntry({ ... Continue reading »

2 comments

  • Here's what I like to try to wrap my mind around. Fannie Mae and Freddie Mac are traded securities whose solvency is essentially guaranteed by the Fed. RU with me thus far?

    Wrap this. We now have the Fed saying we are going to guarantee what we already guarantee. The mortgage industry was already an illusion, but this brings a whole new meaning to pulling proverbial rabbits out of hats, sawing scantily clad babes in half and elevating elephants.

    The drama is just beginning!

    REALonomics
    www.REALonomics.net
  • Nice good article..
    Thanks for sharing.

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