Poole: Fannie, Freddie Should Be Private
William Poole, former president of the Federal Reserve Bank of St. Louis, talks about Standard & Poor's proposed downgrade of Fannie Mae and Freddie Mac bonds, June's durable goods and new homes data released today, and the outlook for legislation to aid the hobbled mortgage market.
click for video
00:00 Possible S&P action on Freddie, Fannie bonds
01:00 Economic indicators of durable goods report
02:28 Housing bill; Fannie, Freddie lobbying
04:15 Need for Fannie, Freddie to be private firms
05:11 Access to Fed discount window; oil prices
06:54 "Balancing act" of Fed on inflation, economy
07:52 Lobbying restrictions; credit rating position
09:44 Market consequence of Fannie, Freddie fall
11:09 Paulson "back-stop" plan "essential"
Running time 12:11
Source:
Poole Says Fannie, Freddie Should Be Private Firms: Video
Bloomberg, July 25 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQ7jJmiYZgNY
Saturday, July 26, 2008 | 07:28 AM | Permalink
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http://business.theage.com.au/business/nab-sends-a-bleak-message-to-the-world-20080725-3l3z.html
It is about what other bankers DO about their investments in US mortgages.
Posted by: Mark | Jul 26, 2008 9:12:57 AM
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