Eric Florack on October 21st, 2008

Over at OTB, Steve Verdon restates what I’ve been saying here for weeks:   An older article, but relevant. It is important to understand that, as GSEs, Fannie and Freddie were viewed in the capital markets as government-backed buyers (a belief that has now been reduced to fact). Thus they were able to borrow as […]

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Eric Florack on September 18th, 2008

Bruce: As Ed Morrissey points out, 2005 would be the year John McCain made this speech: Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting […]

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