Berkeley CSUA MOTD:Entry 13209
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2025/04/04 [General] UID:1000 Activity:popular
4/4     

2004/4/15 [Politics/Domestic] UID:13209 Activity:nil
4/14    http://www.economist.com/finance/displayStory.cfm?story_id=2577440
        Republicans want more (much needed according to _the E_) regulation
        Democrats blocking it.
        \_ Need a subscription to the E to read it. Can you summerize (or
           at least describe what kind of regulation)?
            \_ sure, FANNIE MAE and Freddie Mac are behaving like 1980s era
                savings and loans (my words) and have de facto government
                protection (taxpayer protection) against the overreaching
                risks which they are (thus) willing to take.  Also some
                accounting tricks that overstate the "reserve" capital that
                they have on hand to meet the (already too low according to
                _The E_) govmnt requirements.
        \_ Which party is doing what re fannie/freddie is political bullshit.
           However, there is a real problem with the way both funds are run
           and structured which goes back many years.  Fannie is in
           exeptionally bad shape which will probably require entirely new
           management to correct their current way of thinking.  Freddie can
           still be save as is if they beat on current management a little bit.
2025/04/04 [General] UID:1000 Activity:popular
4/4     

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