Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (40630)	11/1/2003 2:11:07 PM
From: Maurice Winn	Read Replies (1) of 74559

<Freddie Mac, one of the country's two mortgage-finance titans, said it would dump securities issued by its rival, Fannie Mae, in order to raise cash to bolster its own financial health.> Hello Jay. I don't have time to read the whole thing just now, as I'm going to watch a 20km run with a 22 year old daughter in it. But I'm thinking it's odd to have the world's economic trapdoor hinged on two hinges which sound like Donald Duck and Minnie Mouse. Why couldn't they call them something which had more of an adult, sensible, economically robust name? On the other hand, a rose by any other name would smell as sweet and perhaps it's better to have an air of cartoon character on enterprises which have nothing but hot air and hope, a wing and a prayer, a promise to pay and a Trust in God. If it wasn't for the estimable Uncle Al KBE, I'd be inclined to mistrust the robustness of Freddie, Fannie and anything on which they depend. Mqurice

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