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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (227001)	3/10/2003 4:36:51 PM
From: Lucretius	Respond to of 436258

i certainly feel better -s-

To: Les H who wrote (227001)	3/10/2003 4:40:40 PM
From: Secret_Agent_Man	Respond to of 436258

oh yeah, Earlier on Monday, St. Louis Federal Reserve Bank President William Poole said at a Washington conference: [when]-g"Should either firm (the GSEs) be rocked by a mistake or by an unforecastable shock, in the absence of robust contingency arrangements, the result could be a crisis in U.S. financial markets that would inflict considerable damage on the housing industry and the U.S. economy." rofl it to shall come to pass-ng

To: Les H who wrote (227001)	3/10/2003 4:45:55 PM
From: Ken98	Read Replies (1) \| Respond to of 436258

Well, that certainly makes me feel better in Mr. Raines' intellectual abilities - equating $1 TRILLION in guarantys and off-balance sheet liabilities (and NO loss reserves) to "our capital is so carefully ascribed to our risk." What a numbnut... Don't they also have a big hedge play based on rates RISING here? <<"We've made it quite clear that we are not a risk to the economy because we are so heavily regulated and our capital is so carefully ascribed to our risk that if there's going to be a systemic risk caused by a financial institution - it is certainly not going to be caused by Fannie Mae," Raines said in an interview with CNBC television.>>