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FoxV
Light Sweet Crude
Joined: Mar 02, 2005
Posts: 1337
Location: Canada
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 Posted: Mon Aug 22, 2005 9:03 am Post subject: Fannie Mae in Trouble? |
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I'm surprised this slipped under the radar (or at least I missed the posting)
The Potential Crisis at Fannie Mae
The fact that they have to review their books to prove or disprove accounting errors is one thing, but the fact that their books are in such bad shape that it will take "six to eight million" man hours to verify the books is another.
anybody have any more insight or info on this
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MD
Community Manager
Joined: May 02, 2005
Posts: 3524
Location: Oh really?
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| Posted: Mon Aug 22, 2005 9:11 am Post subject: Re: Fannie Mae in Trouble? |
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I suspect Fannie Mae is clustered with cronyism and corruption that would rank right up witht he best in the world.
When the FM's come crashing down it will be quite a mess.
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"It's still all about energy!"
Schultz: I see NOTHING! I know NOTHING!
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oilluber
Heavy Crude
Joined: Jul 03, 2005
Posts: 471
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| Posted: Mon Aug 22, 2005 3:59 pm Post subject: Re: Fannie Mae in Trouble? |
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any holder of long term debt instruments, say 30yrs
out at 5.6% return is in real trouble. |
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