Archive for the ‘Federal Housing Agencies’ Category
Saturday, August 16th, 2008
Evan Newmark points out (WSJ, Aug 15, 2008) the fundamental facts of Fannie Mae and Freddie Mac’s (henceforth F&F) existence. None of them are news but his conclusion, that F&F should be closed, is news of a sort. I have not seen this conclusion before in the popular press, although ...
Posted in The Banking Crisis, Federal Housing Agencies, Polticial Decisions Affecting Banking, When Regulation Goes Wrong | No Comments »
Tuesday, July 22nd, 2008
A reader asked me the other day when Freddie and Fanny were created. I knew the answer was that rarest of events, something that happened before my time. God created the earthquake, so I thought it might have been on the third day of all time or something. So I ...
Posted in Creative Accounting, The Banking Crisis, Federal Housing Agencies | No Comments »
Sunday, July 20th, 2008
I am so sick of having it explained to me that Freddie Mac and Fannie Mae are too big to fail. There are two aspects of this little tale that make me nauseous.
First, the reason Fannie and Freddie got this big is itself criminal (before you sue, Federal Reserve, I ...
Posted in Bank Management, Federal Housing Agencies, Polticial Decisions Affecting Banking | No Comments »
Wednesday, July 16th, 2008
The Credit Crisis seems to be approaching its nadir, although it is clear that we will lose several more banks, perhaps many of the smaller “me too” banks, before this experience is over. We seem to be moving into a phase that happens in every crisis from war to basketball. ...
Posted in leadership, Markets and Regulation, Federal Housing Agencies, When Regulation Goes Wrong | No Comments »