GLOBAL
REAL ESTATE MARKETS FORUM
4Rs:
Realty Reality
Recommended Reading
with
Editorial Comment
~~ FANNIE WATCH ~~
Fannie
CEO May Not Withstand Challenge
by Mark Felsenthal @ Reuters.com
September 27,
2004
See:
link
Fannie
Mae Takes New Approach in Crisis
by Jeffrey H. Birnbaum & David A. Vise @ WashingtonPost.com
September 27,
2004
See:
link
Reading
Fannie Mae's Scary Cookbook
by Gretchen Morgenson @ NY Times.com
September 27,
2004
See:
link
Fannie,
Freddie Feel the Heat
by Mathew Goldstein @ TheStreet.com
September 27,
2004
See:
link
Fannie
Mae to Correct Accounting and Boost Capital
by Yoon & Burgess @ Bloomberg.com
September 27,
2004
See:
link
Fannie
Mae Charged with Inappropriate Accounting Practices
by News With Views.com
September 27,
2004
See:
link
EDITOR'S
COMMENTS
~ FANNIE WATCH ~
by Ole Bear
Not with my big fat bonus you're not. You cannot find it. It's in an accounting footnote. It's offshore, now. Derivatives are like Parfait! It's the bestest thing in the whole World. Why everybody likes Parfait! GSEs are like Ogres! Ogres are like onions. We has layers! Besides, Ogres are great gourmet cooks in the kitchen. How else do you get all those silly fairy tale characters out of my Swamp, unless you have some great political connections on both sides, and have the best paid lobbyists inside the Beltway.... ehhh Abby Road? -- Mortimer Kann Walkonwater, Derivatives Senior Executive, Fannie Mae [from the new movie to be released -- based on Dr. Stranglove [How I stopped worrying and loved the bomb] -- Making Fudge and Derivatives with Onions.
Folks with young children probably catch the allegories above to the cartoon movie for children - Shrek. We are pretty sure that Franklin Raines and his cronies have seen the movie, even if they may be DINKS.... double income no kids. If you haven't seen the movie, we highly recommend it as an allegorical parable -- things do not always appear as they seem!
The only thing I can find that they left out in the movie? Flying Pigs! However, the movie makers did not fail to include the Gingerbread Man, the Three Blind Mice, the Three Little Pigs, and the Big Bad Wolf!
Ole Bear, Editor
© 2004 Realty Reality
