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To: Ken98 who wrote (219508)	2/8/2003 5:55:09 PM
From: pogbull	Respond to of 436258

Report: Fannie Mae and Freddie Mac could experience severe financial difficulties prudentbear.com Excerpt: “The White House has announced that it will nominate Mark C. Brickell, an expert on financial derivatives (‘a former managing director in the derivatives group at J.P. Morgan & Co.’), to head the federal agency that oversees Fannie Mae and Freddie Mac, the giants of the secondary mortgage market. Sources familiar with the situation said Armando Falcon Jr., head of the Office of Federal Housing Enterprise Oversight, was asked by administration officials for his resignation Tuesday morning. That was just hours before Falcon released the findings of a "systemic risk" study, which laid out a scenario in which Fannie Mae and Freddie Mac could experience severe financial difficulties that then would cause wide-ranging disruptions in the housing and financial markets.”