Thursday, August 21, 2008

Name and Shame- Fannie and Freddie





What’s the deal lately with current and former Treasury and SEC officials predicting a bailout out Fannie and Freddie? Could they do anymore to undermine the chances of success at these two quasi- government organizations? Do they have an agenda here? If you are like me you are absolutely astounded by the sound bites coming out of Henry Paulson and Arthur Levitt. Mr. Paulson’s comments are most shocking as the Treasury Secretary and someone who will need to deliberate over these proceedings. Mr. Levitt, now in the private sector and employed by the super-secretive, super-devious Carlyle Group.

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