There’s no question that the pending bailout of Fannie Mae and Freddie Mac, the largest mortgage underwriters in the nation, will cost a lot. Very few people have given a price tag for this problem, but most analysts assume that it will be steep. What’s never talked about, however, is the fallout among other investment houses that has yet to be tabulated.
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Category Archives: Money
Economics and commerce, all built from scratch.
The Investment Express
The USofA has a number of problems right now, but if you pair up a few of them they start to look remarkably complimentary. My picks? Put together the need for an economic stimulus that reaches further than the $600 checks written so far and the need to do something about our excessive dependence on oil.
The D Word
A Recession is when your neighbor loses her job,
A Depression is when you lose yours.
(old adage)
As the economic downturn continues, a lot of people have started to wonder if we’re heading into a Depression. Teevee shows, when they bring it up at all, usually prefer the term “D Word” so as not to scare anyone. Should we be scared?
Brasilian Way
I’m going to tell you an idea I had for a novel. Why would I tell you this rather than write it? Because, sadly, world events have rendered the premise a bit moot. I call it “Maneira Brasileira” or “The Brasilian Way”.
No Safe Harbor
Today’s blog entry has a distinct lack of fun. Sorry ’bout that. But this has to be said.
On Friday, the stock market reacted to news that Freddie Mac and Fannie Mae, the nation’s top mortgage lenders, were on the verge of bankruptcy. Fannie Mae dropped 22% in one day, capping off a loss of 84% over the last year, as a real panic ensued.
