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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (96080)5/30/2002 11:24:55 AM
From: Knighty Tin  Respond to of 132070
 
Skeets, Much safer than the E company, we have to remember that what Fannie is warehousing is mortgages. If they go sour, the firm turns into a REIT. <g> Don't get me wrong, there is plenty of risk and their leverage nearly guarantees some problems in the future. But the real risk is not to a balance sheet implosion but a long term absence of growth or even a decline in eps. And that is very likely.