Fannie-Freddie: public policy mangled
Commentary: Renewed panic spreading to stocks, Treasurys
By Lou Barnes, Friday, July 11, 2008.The Fannie-Freddie panic began on Wednesday -- that is, this Fannie-Freddie panic, as opposed to the prior ones. The firms had already lost 90 percent of their stock value, and can continue to lose half of their remaining value every day forever with no trouble. It's losing the other half that's a problem.
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Copyright 2008 Lou Barnes
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