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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (13031)	6/25/2003 11:30:29 PM
From: jrhana	Respond to of 39344

Fannie Mae explained with Grace Message 19062258

To: Elizabeth Andrews who wrote (13031)	6/26/2003 4:26:04 PM
From: LLCF	Read Replies (1) \| Respond to of 39344

<Its business activity is therefore no more inflationary than when Exxon borrows if this is correct.> Well, Exxon doesn't borrow to lend. It borrows and buys productive [hopefully] assets. I think FNM has leverage like few other entities [other than US G! -gg- ], like 43:1 DAK