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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (198634)10/18/2002 4:57:29 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
<<then again, if Fannie were a hedge fund (oh, wait, i forgot...) they'd be shutting down too (take a look at what's happened to their book value, otherwise known as equity capital, in the last 9 months).>>

Indeed. Fannie is a hedge fund that can't shut down no matter what, by congressional mandate. In other words, the bus is speeding toward the cliff, the brakes are out, and the taxpayer is chained to the steering wheel!<NFG>

BTW, care to comment on this nugget:

biz.yahoo.com
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