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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: Freedom Fighter who wrote (1333)2/23/1999 8:03:00 PM
From: Mike M2  Read Replies (2) of 1722
 
Wayne, Fannie Mae, Freddie Mac et. al. get their money from the credit markets. Their debt is backed by the US Treasury . My comments about non bank lenders were not limited to these two but they are the big players. Take a look at their balance sheets to see how little equity supports their assets ( loans). Mike
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