Fannie and Freddie Did Not Cause This Crisis [View article]
October 6, 2008
Mark, thank you for your commentary. If you read these comments, would you please clarify, if Freddie Mac (FDMC) and Fanny Mae (FNMA) at their inception (1933) were 100% government agencies, or were they always quasi-government agencies? If the former, what Bill (Law) converted them to Quasi-Government agencies, and when was it passed? Was this part of the deregulation of the Financial Industry? Danka. AFN
The Pending Fair Value Accounting Fracas [View article]
September 23, 2008
Dear Jack, A very informative article. Excuse my ignorance, but I was unaware of Rule/Statement 157, until I read your article. I am assuming it is part of the now much maligned "Sarbanes-Oxley" Act. Maligned by those who don't like to follow rules, and even less to get caught with their hands in the cookie jar. Thank you for shedding some light on this issue. Ayesha Nariman
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Latest | Highest ratedFannie and Freddie Did Not Cause This Crisis [View article]
Mark, thank you for your commentary. If you read these comments, would you please clarify, if Freddie Mac (FDMC) and Fanny Mae (FNMA) at their inception (1933) were 100% government agencies, or were they always quasi-government agencies? If the former, what Bill (Law) converted them to Quasi-Government agencies, and when was it passed? Was this part of the deregulation of the Financial Industry? Danka. AFN
The Pending Fair Value Accounting Fracas [View article]
Dear Jack,
A very informative article. Excuse my ignorance, but I was unaware of Rule/Statement 157, until I read your article. I am assuming it is part of the now much maligned "Sarbanes-Oxley" Act. Maligned by those who don't like to follow rules, and even less to get caught with their hands in the cookie jar. Thank you for shedding some light on this issue. Ayesha Nariman