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

[The Paperboy]

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

 

[The Paperboy]

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

 

[dilloduck]

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

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.

 

[dilloduck]

Do We Need the Federal Reserve? It Has Failed Us! Investing & Finance on Nabloid.com

A little explanation of how the Fed has failed us.

 

[The Paperboy]

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.

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.

 

[dilloduck]

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.

Zero credit for anyone--it blew up it everyones faces and the taxpayer took the hit.

 

[The Paperboy]

Zero credit for anyone--it blew up it everyones faces and the taxpayer took the hit.