Why
Fannie Mae's Boss EDITOR'S
COMMENTS I like reading Crudele a lot. He's a straight shooter with a Colt .45 Revolver. Whether you agree or disagree with Crudele, he's great on the target range. Let's kick Crudele's essay and observations up a notch like Emeril would. Bam! Crudele mentions that the Green Man has been talking 'bout Fannie Mae the past four years as the only individual stock he parlez's vous to you about. Certainly, why not? The Green Man knows how they operate on Wall Street using the chump change in all those money market mutual funds they intermediate and would like to see them exposed and placed directly under the Federal Re$erve control. The Congressional Banking Committees know that the GSEs need better supervision, but the politicos are being hoodwinked by the FED Boys that they are the best suited for the job. If this happens according to Greenie's Plan, we can expect a lot more fire in the hole with escalating realty prices, folks. We all know that the Federal Re$erve is a very political place to work. Why do you think Freddie Mac was made the smaller scapegoat last year when Fannie Mae should have been sucked into the vortex of controversy a year ago? Seems to me it was saved for the Presidential Election in 2004 in order to get Baby Bush re-elected. Economists at the Atlanta Fed, according to an email sent out by FM Policy Focus, say this:
Of course, I would naturally assume the Federal Re$erve to be up to this "measured" and "daunting task" being the receiver of last resort? Oh, what a tangled web we weave when we set out to deceive...! Ole Bear, Editor © 2004 Realty Reality |
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