langreiter.com plain, simple: 2008-07-12

LANGREITER.COM plain, simple

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2008-07-12

CREATED BY chris • LAST EDITED BY chris 6007 days AGO

"There is no law or regulation to that effect, just an assumption by the market that Fannie Mae is too big, too close and too important to the government for the government to ever let Fannie Mae fail. With the mortgage market in massive turmoil and Fannie Mae's stock down 85% in the last year, that assumption is currently being heavily tested."

Amazing story.

"Guaranteeing oneself against risk is not insurance, its an exercise in futility."

2008-07-12-mae