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investor88's
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Alan has analysed the issues quite clearly. Philosphically, I am more inclined to Alan Greenspan's suggested solution to nationalise Fannie and Freddie, then eventually privatise them. Whatever happens this weekend with the US Treasury's plan, I do not think the shares of Fannie and Freddie would enjoy any sustained rally because I do not think the US Treasury can wave the magic wan, there is no compelling story here. In the last decade the US government has lost it magic wan.
Sep 07 05:51 am
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All Comments by investor88 »Forget the Moral Outrage: Just Restore the Mortgage Markets [View article]