Ain't His Money
After insisting that Fannie Mae and Freddie Mac – two government run entities – were excellent investments less than three weeks before they both collapsed into insolvency, Mr. Frank, a long time recipient of huge “donations” from both agencies, lately has been browbeating them to lower, yes LOWER, their credit standards.
Just yesterday, Fannie Mae reported a steep increase in the percentage of home mortgages 90+ days overdue. Doubtless, Mr. Frank, who has always displayed a bone deep imperviousness to reality, will keep insisting that credit standards be lowered further still. After all, it ain’t his money on the line.
comments powered by Disqus
mary lili jory - 8/17/2009
I like very much the writings and pictures and explanations in your adress so I look forward to see your next writings.
In the present lively world, food and clothing put on the line in our life have already to obtain the sublimation, life needs the entertainment, in the market shoe's design is all kinds, Women is Dakota and Sundance UGG Boots were the riotous multi-colors, each kinds of color and design are finitely looks like the young women's hairstyle , every day them use the ghd Hair Straightener to changes themself hairstyle,when went out they brought MP3 to wear the fashion to symbolize that Bose in ear headphones and Bose on ear headphones ,let us feel the fashionable news of life.
People to enjoy music, a need for a high-quality sound equipment to show the moving melody to enhance the music quality of life,It is the use of bose headphones.Now bose headphones for sale in hot.
Thomas L. Knapp - 7/1/2009
Well, yes, his investments did well because of actions taken by government -- most of his portfolio is municipal bonds, only a small portion of it in stocks.
That doesn't change anything: Knowledge of how government will affect the market is knowledge of the market.
Frank may be a corrupt statist, but that doesn't mean he's an idiot.
Keith Halderman - 7/1/2009
Do you think any of his investments did well because actions taken by the federal government?
Thomas L. Knapp - 6/30/2009
Frank pulled down a $42k gain on his $896k portfolio last year.
Not bad in a bad year, especially for someone wit a complete lack of knowledge concerning markets. Guess he's just lucky that way.
- Egyptian ‘Mona Lisa’ A Fake
- The Story Behind ‘Woman in Gold’: Nazi Art Thieves and One Painting’s Return
- Scott Walker, Allergic to Dogs, May Run Against Political History
- Russian History Receives a Makeover That Starts With Ivan the Terrible
- Parsing Ronald Reagan’s Words for Early Signs of Alzheimer’s
- Joan Waugh on Grant's and Lee's 'gentlemen's agreement' ending the Civil War
- Charlatan or Sage? Contested Legacy of the late Dr. Ben, a Father of African Studies
- Historians make it easy for visitors to DC to understand the history of the Mall
- History's Grandin Wins Bancroft Prize for "The Empire of Necessity"
- Nobel prize-winning scientist writes a history of science