Mises Wire

Facebook icon
LinkedIn icon
Twitter icon
A
A
Home | Blog | Fannie Mae: Fuzzy Math = Transparency

Fannie Mae: Fuzzy Math = Transparency

0 Views

Tags Financial Markets

11/15/2007

Peter Eavis has an interesting piece on Fannie Mae and the way it changed how it discloses its bad loans. Fannie's loss ratio appears to be escalating while Fannie's management is spraying Chanel No. 5 on a rotted carcass. Fannie, with $40 billion of capital, is exposed to $74 billion on subprime loans and $196 billion in Alt-A loans.

See more on Fannie Mae here.

Karen DeCoster, CPA, has an MA in economics and works in the healthcare industry. She has written for an assortment of publications and organizations, including LewRockwell.comMackinac Center for Public PolicyTaki's MagazineEuro Pacific Capital, and the Claire Boothe Luce Policy Institute. Her website is KarenDeCoster.com.

Image source:

Add Comment

Shield icon wire