aleablog.com - 10/5/2008
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Pressured to Take on Risk, Fannie Hit a Tipping Point
“ We didn’t really know what we were buying. This system was designed for plain vanilla loans, and we were trying to push chocolate sundaes through the gears.”
Give the Fed a bit of credit …
By my count, the Fed is now providing ...
economistsview.typepad.com - 10/9/2008
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economistsview.typepad.com —
There's No Easy Way Out of the Bubble
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aleablog.com - 10/9/2008
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aleablog.com —
US Treasury may capitalize banks by end Oct
Will the US current account deficit fall faster than...
the IMF forecasts? Did Derivatives Cause the Crisis? A Note on the Greenspan Legacy Reasons Not to Sell Stocks Now The CP Market ...
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Weekend Update: Want A Breath Mint?
Dealbreaker —
... who requested anonymity because the talks were confidential. In the previous year, Fannie had already lost 56 percent of its loan-reselling business to Wall Street and other competitors.
"You need us more than we need you," Mr. Mozilo said, "and if you don't take these loans, you'll find you can lose much more."
Then Mr. Mozilo offered everyone a breath mint.
Pressured to Take More Risk, Fannie Hit a Tipping Point [New York Times via Alea]
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