Replies to post #853752 on Fannie Mae-No Politics (FNMA)

[Fund_Analyst]

Very true. Hank Greenberg's reputation was saved by being ousted in 2004. The Financial Products group in London acted like compulsive gamblers on credit default swaps. They knew they were high risk/high margin. I knew several of their execs -- incredibly arrogant (see Enron).

[EmpressRealm45]

If you take that route, then everyone is reckless taking on subprime from Goldman to F2.