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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: reaper who wrote (1696)	3/10/2004 1:39:24 PM
From: Jim Fleming	Read Replies (1) \| Respond to of 116555

reaper I suspect from what I used to know about FNMA's operations that the GSE's are better hedged than you think. If there is a potential problem it is only going to be provoked by a Secretary of Treasury who has no business making pronouncements on subjects of great import of which he is in absolute ignorance. I am not defending the managements of FNM/FRE and I agree that strong apolitical oversight should be put in place. This question has to be handled carefully because any perception in the market that FNM/FRE are in trouble could result in world financial chaos. Jim