Comments on: Don’t spend your termite poison money on insurance against Martian invasions.

By: jimmyjoe87

jimmyjoe87 — Thu, 15 Oct 2009 08:42:52 +0000

The is one of the common problem for lenders. This will cause some confuse and difficult for what they did.
young drivers car insurance

By: denta insurance

denta insurance — Fri, 11 Sep 2009 03:00:53 +0000

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By: health insurance

health insurance — Thu, 20 Aug 2009 04:50:29 +0000

thanks for sharing this..

By: real estate marketing

real estate marketing — Mon, 17 Aug 2009 03:25:02 +0000

I agree with Quotes.. It is very fannie.. =p
About the topic… a small problem can cause big problem..
The lesson in this is don't ignore small problem like Martian invaders..

By: Quotes

Quotes — Sun, 01 Mar 2009 10:02:24 +0000

For me Fannie indeed is the funniest name ever! I don't think what was going through the owner's mind while naming the company LOL!

By: Matt Wilson

Matt Wilson — Fri, 04 Jul 2008 06:13:03 +0000

Hi DomesticMouse,

Yeah, I agree, the lenders could lend to anyone that could scratch an X on the application, and they knew they could hand off the risk to somebody else down the chain.

I think Fannie Mae and Freddie Mac grew like tumors on lab rats during the go-go 90s. Now they're so highly leveraged that even moderate tremors causes the whole house of cards to crash down.

By: DomesticMouse

DomesticMouse — Fri, 04 Jul 2008 05:45:57 +0000

The biggest problem in the markets is that the economic incentive for the lenders to “look the other way” was such that they did. In fact, most of the financial modelling assumes that markets follow random walks, when in fact they don't. The tails are too fat.

In short, the markets are under provisioned for risk. And thus they keep wiping out. Fannie Mae and Freddie Mac are going to be in serious trouble when the Alt-As start resetting…