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Politics : High Tolerance Plasticity

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To: Don England who wrote (1260)	3/9/2001 11:28:06 AM
From: Don England	Read Replies (1) of 23153

snips from an article: New York, March 9 (Bloomberg) -- GE Capital Services Inc., a unit of General Electric Co., was threatened by Fannie Mae for criticizing the government-sponsored mortgage company, the Wall Street Journal online edition said. GE Capital Chief Executive Denis Nayden said his company has ``been on the receiving end of multiple communications from Fannie Mae indicating that GE would suffer financial consequences if GE remained a member of FM Watch,'' the Journal reported. The paper said yesterday that Wells Fargo & Co. and American International Group Inc. have also been threatened. Freddie Mac chairman Leland Brendsel said yesterday ``we don't threaten.'' The Journal today cited Fannie Mae spokeswoman Janice Daue as describing the charges as ``baseless.'' The Financial Services Forum decided to urge reform of Fannie Mae and Freddie Mac on the ground that they compete unfairly at a meeting two weeks ago, the Journal said, citing unidentified people familiar with the group's discussions. quote.bloomberg.com don

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