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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (41798)1/1/1999 3:09:00 PM
From: wlheatmoon  Read Replies (1) of 132070
 
MB,

For what it's worth, my mother-in-law is a bonds expert and knows much about fannie mae. Even she thinks fannie mae is in seriuos doo-doo. She says they've extended their loans to a bunch of crappy low-income, poor-outlook areas in the midwest that foretells a risky future for them. Fannie mae is not the place for her and over 90% of her money's in bonds. That's scary.

mike
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