Fannie Mae Says It Won't Be Prosecuted (WaPo)

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Submitted by edna_mode on August 24, 2006 - 11:37am

Does anybody know more about this?

http://www.washingtonpost.com/wp-dyn/con...

I wonder if this could mean that 1) Sec'y of the Treasury Paulson has a plan to contain the systemic risk of the GSEs that doesn't involve the Dept of Justice; or 2) the GSEs are really considered too big to fail, so normal laws of transparent accounting don't apply to them.

‹ Dense but interesting read -- fingers of instability Stock Market Rallies in Mid-Term Election Years 2 ›

Too big to fail. Ford will
Submitted by PerryChase on August 24, 2006 - 12:43pm.

Too big to fail.

Ford will also eventually be bailed out. Perhaps 2008 or 2012 elections? Ohio, Illinois, Michigan are important electoral states.

Thanks for the link,
Submitted by powayseller on August 24, 2006 - 1:44pm.

Thanks for the link, edna-mode. Can you please post it as a link? Instructions for making links were just posted on the main piggington page. I swear, it takes only a couple minutes to learn, and with the "enable rich-text" option, no excuses to make us copy and paste anymore...

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