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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: yard_man who wrote (6064)5/10/2004 10:18:47 PM
From: mishedlo  Read Replies (2) of 116555
 
No bailout of FNM
William Poole, the president of the St. Louis Federal Reserve, has called for the elimination of government lines of credit to Fannie Mae and Freddie Mac, according to Reuters.

Poole hopes to reduce the risks faced by the U.S. financial system should either mortgage company run into trouble, the wire service added.

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