Greenspan said it took him long time to understand Fannie derivative book. Fortune say these companies could cause a trillion dollar bail out from tax payers. They were over-leveraged, nobody understood their derivatives, and they didn't file financial statements for 2 years. You could see it coming.
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Greenspan said it took him long time to understand Fannie derivative book. Fortune say these companies could cause a trillion dollar bail out from tax payers. They were over-leveraged, nobody understood their derivatives, and they didn't file financial statements for 2 years. You could see it coming.
Jul 10 12:13 pm
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