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Fannie + Freddie = Frannie ?

Posted on September 02, 2008

Hmmmm . . take two poorly run, debt laden GSEs . . . Merge them . . . What do you get ? One giant, poorly run, debt laden, GSE. Its an idea so powerfully bad, ill conceived, and poorly thought out, it has precisely zero chance of occurring. If you think an idea this foolish, pointless, and banking fee laden could only have come from anals (sp) of Wall Street, then congratulations! You've figured out how some of the best and the brightest operate on the Street of Dreams. A brief history lesson of these two entities quickly reveals what a silly idea this is: In the depths of the Great Depressi...

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bonds , budget , economy , federal reserve , housing , housing sector