Freddie and Fannie: The Case Against Hybrids
July 20, 2008
Matt Cooper (Portfolio.com) submits:
The fallout from the collapse of Fannie Mae (FNM) and Freddie Mac (FRE) stock continues. Yes, the markets have rebounded somewhat. A little good financials news here and there has prevented another freefall, just like with the Bear Stearns weekend of doom earlier this year. But we’re in a weird time. J.P. Morgan Chase (JPM) announces that its income fell 53 percent and the stock soars - because it all could have been so much worse.
In this atmosphere, it’s easy to lose track of the big goal with any Fannie Mae assistance plan. The goal is not just to help Fannie and her little brother, Freddie Mac, through the next few weeks, but hopefully to come up with some kind of prescription that will avoid any crises in the future.
Freddie and Fannie: The Case Against Hybrids
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