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Strategies & Market Trends : Classic TA Workplace

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To: Petrol who wrote (54696)	9/26/2002 12:48:53 PM
From: reaper	Read Replies (2) of 209892

if it came down to it, and they could do only one, they would bail Fannie. Fannie has somehow managed to position themselves as sellers of the American dream; if it wasn't for them poor minority families would not be able to owe 120% on an over-valued asset (oops, i said that wrong; would not be able to 'own' their very own home). we simply can not let a business with such an important social purpose fail. JPM is just a bunch of friggin' profiteering Harvard MBAs in business suits; let 'em burn in Hell. (of course, if it ever got to the point where either one of them needed to be bailed....i worked on a bunch of RTC deals when the S&Ls failed; friggin' pennies dropped on the sidewalk compared to the potential mess in derivatives and residential real estate right now) Cheers

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