Today's NY Times: Pressured to Take on Risk, Fannie Hit a Tipping Point

Discussion in 'Congress' started by The Paperboy, Oct 4, 2008.

  1. The Paperboy
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    The Paperboy Times Square

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    Today's NY Times:

    “Almost no one expected what was coming. It’s not fair to blame us for not predicting the unthinkable.“— Daniel H. Mudd, former chief executive, Fannie Mae

    Yes it is.

    Full story here
     
  2. The Paperboy
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    The Paperboy Times Square

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    Fannie Mae mess pretty much fully laid out on page one of today's NY Times.
     
  3. dilloduck
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    dilloduck Diamond Member

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    Well it's interestnig but apparently there's nothing we can do about other than flounder while those charged with America's economy are pretending they are drunken gambers playing with monopoly money.
     
  4. dilloduck
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    dilloduck Diamond Member

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  5. The Paperboy
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    The Paperboy Times Square

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    Agreed. But I think some credit should given that the Bush Administration sounded the alarm and Congress gave them the finger. Problem is Bush did not use his bull pulpit to sounds the alarm more. Nor sure what would have happened as he would have been attacked on all sides.

    Somehow lobbyist have got to be gotten out of the loop.
     
  6. dilloduck
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    dilloduck Diamond Member

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    Zero credit for anyone--it blew up it everyones faces and the taxpayer took the hit.
     
  7. The Paperboy
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    The Paperboy Times Square

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    :clap2:
     

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