SI
SI
discoversearch

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 Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Fleming who wrote (15912)6/25/2004 9:47:28 PM
From: Elroy Jetson  Respond to of 110194
 
You're correct. I confused GNMA (Ginnie Mae) obligations which are government guaranteed, with FHLMC (Freddie Mac) obligations which are not. I must be tired.

Of course Federal National Mortgage Association (Fannie Mae) obligations are also not guaranteed.

I'm certain every money-printing trick will be used to prevent a melt-down of these agencies, which is why I keep most of my savings in other currencies.

The US Dollar is toast.



To: Jim Fleming who wrote (15912)6/26/2004 11:58:17 AM
From: ild  Read Replies (2) | Respond to of 110194
 
My question was if FNM/FRE guarantee their MBS #reply-20254702. It wasn't whether they are guaranteed by the US.
Another question: does the bank that floated it's own MBS guarantees timely payment of principal and interest on it?


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News