Fannie & Freddie: Affirmative Action for the Rich and Stupid [View article]
Loved the article Harry. Who ever said politics never existed in the financial markets? Not because these policy makers are not knowledgeable in the aftermath of their decisions, but because they are more self-driven by their own wellfare. I am sick and tired of distortions in the White house, in Congress, in the media....in information that becomes public which brings nothing but failure in every aspect!
Like you said, relying on Fannie or Freddie when they are highly leveraged and not guaranteed does not make any sense. Instead of it being pure risk, uncertainty kicks in and defies its purpose. Why do they embrace this?
-
Loved the article Harry. Who ever said politics never existed in the financial markets? Not because these policy makers are not knowledgeable in the aftermath of their decisions, but because they are more self-driven by their own wellfare.
Jul 15 09:56 am
|Rating:
+1
0
All Comments by Daniel H »Fannie & Freddie: Affirmative Action for the Rich and Stupid [View article]
I am sick and tired of distortions in the White house, in Congress, in the media....in information that becomes public which brings nothing but failure in every aspect!
Like you said, relying on Fannie or Freddie when they are highly leveraged and not guaranteed does not make any sense. Instead of it being pure risk, uncertainty kicks in and defies its purpose. Why do they embrace this?