Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (3339)	7/10/2002 11:53:52 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

<<A must read...what's he gonna say? Taxpayer at risk?>> Not a chance. Fisher is the Fed's hand-picked tranquilizer blowdart marksman. He get's rolled out to CALM roiled markets (ie, he was the point man for the LTCM bailout in '98), not create chaos and doubt. He'll probably say they have well-tested models, everything is copasetic, Fannie's risk control models are the envy of the world, yada, yada, yada. He'll finally point out that the housing industry has "saved" the economy, and that home prices are "At a Permanently High plateau" or somesuch. All false, of course, and he knows it. But this is a confidence game, and with the dollar on shaky ground (and with it, Fannies ENORMOUS book of dollar-denominated derivatives/SWAPS) he's not about to rock the boat and screw up his shot at getting the Fed Chairmanship after BubbleBoy, errrrr, GREENSPAN resigns. Jusr my humble opinion! Disclosure: Long FNM (puts).