Comments on: Say Hello to “Frannie” http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 13:58:51 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Icanhasbailout http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162744 Icanhasbailout Thu, 16 Apr 2009 23:47:47 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162744 This is, of course, exactly backwards, which is probably why it has been proposed. Freddie is a far better run organization than Fannie (not saying much, I know - but still) and if one takes over the other, it ought to be Freddie taking over Fannie, not vice versa. I have good friends in both organizations, so I have the means to know. Fannie Mae has a uniquely poisonous, unproductive culture. Freddie Mac is a mess, too, but there is at least an order of magnitude of difference in just how messed up the two are. So I'm not surprised at all that "Executives at Washington-based Fannie" want to subsume the competition, whose relatively well-run organization is probably a source of extreme embarrassment. Anyone who has managed to climb the Fannie ladder high enough to be an executive is extremely likely to be a scoundrel and a crook. This is the Fannie cover-your-ass culture to the extreme - they plan to cover their own asses by making the other guy just as bad off as they are. This is, of course, exactly backwards, which is probably why it has been proposed.

Freddie is a far better run organization than Fannie (not saying much, I know – but still) and if one takes over the other, it ought to be Freddie taking over Fannie, not vice versa. I have good friends in both organizations, so I have the means to know.

Fannie Mae has a uniquely poisonous, unproductive culture. Freddie Mac is a mess, too, but there is at least an order of magnitude of difference in just how messed up the two are.

So I’m not surprised at all that “Executives at Washington-based Fannie” want to subsume the competition, whose relatively well-run organization is probably a source of extreme embarrassment. Anyone who has managed to climb the Fannie ladder high enough to be an executive is extremely likely to be a scoundrel and a crook. This is the Fannie cover-your-ass culture to the extreme – they plan to cover their own asses by making the other guy just as bad off as they are.

]]> By: Lugnut http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162711 Lugnut Thu, 16 Apr 2009 21:18:04 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162711 So based upon the origins, I'm guessing that Frannie is a tranny. Which is probably an apt analogy. Don't peek under her (financial) skirt, you might get a bit of a shock. So based upon the origins, I’m guessing that Frannie is a tranny. Which is probably an apt analogy. Don’t peek under her (financial) skirt, you might get a bit of a shock.

]]> By: batmando http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162469 batmando Thu, 16 Apr 2009 03:42:36 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162469 Jeff - RE the Macs Get yer self a MacBook for daily travel out and about and when ya come home, plug it into yer big 'ol flat screen desktop monitor with a wireless keyboard and wireless mouse and yer set. Works for me. Jeff – RE the Macs
Get yer self a MacBook for daily travel out and about and when ya come home, plug it into yer big ‘ol flat screen desktop monitor with a wireless keyboard and wireless mouse and yer set. Works for me.

]]> By: TheReformedBroker http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162442 TheReformedBroker Thu, 16 Apr 2009 01:03:02 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162442 since they're brother and sister, the kid will probably be retarded since they’re brother and sister, the kid will probably be retarded

]]> By: rktbrkr http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162440 rktbrkr Thu, 16 Apr 2009 00:53:34 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162440 There's a lot not to like by both left and right in the bank bailout schemes designed by Paulson and carried out by Tiny Tim. The big banks get perpetual life and the taxpayers get a generation of debt. There’s a lot not to like by both left and right in the bank bailout schemes designed by Paulson and carried out by Tiny Tim. The big banks get perpetual life and the taxpayers get a generation of debt.

]]> By: FromLori http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162428 FromLori Wed, 15 Apr 2009 23:33:45 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162428 MReagon see his latest lol Richard Posner: Bite Me http://market-ticker.denninger.net/ and sure the left will do something lmao The Crisis That Could Bring Down Obama http://www.progressive.org/mag/rc041509.html http://globaleconomicanalysis.blogspot.com/2009/04/obama-bets-it-all-on-failed-banksters.html MReagon see his latest lol

Richard Posner: Bite Me

http://market-ticker.denninger.net/

and sure the left will do something lmao

The Crisis That Could Bring Down Obama
http://www.progressive.org/mag/rc041509.html

http://globaleconomicanalysis.blogspot.com/2009/04/obama-bets-it-all-on-failed-banksters.html

]]> By: DL http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162414 DL Wed, 15 Apr 2009 21:08:49 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162414 leftback @ 4:47 Doesn’t matter how much opposition there is. Most politicians just can’t get enough of these bank bailouts. Robert Kuttner may be correct though in saying that “the bank bailout risks are becoming Obama's Vietnam”. Anyway, Obama can just fund everything through the Fed and the FDIC. leftback @ 4:47

Doesn’t matter how much opposition there is. Most politicians just can’t get enough of these bank bailouts.

Robert Kuttner may be correct though in saying that “the bank bailout risks are becoming Obama’s Vietnam”.

Anyway, Obama can just fund everything through the Fed and the FDIC.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162413 Mark E Hoffer Wed, 15 Apr 2009 20:59:19 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162413 Jeff, think twice about everyone's favorite (sp)iPhone, also, the G1, running on GOOG's Android platform may fit your needs, and, soon enough, Android will be running on "Laptops".. http://venturebeat.com/2009/01/02/an-faq-about-those-android-netbooks/ http://owstarr.com/2008/08/13/just-in-from-the-more-apple-bullshit-dept-your-iphone-has-a-kill-switch/ Jeff,

think twice about everyone’s favorite (sp)iPhone, also, the G1, running on GOOG’s Android platform may fit your needs, and, soon enough, Android will be running on “Laptops”..
http://venturebeat.com/2009/01/02/an-faq-about-those-android-netbooks/
http://owstarr.com/2008/08/13/just-in-from-the-more-apple-bullshit-dept-your-iphone-has-a-kill-switch/

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162411 Mark E Hoffer Wed, 15 Apr 2009 20:53:22 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162411 lb, that why you're seeing stuff like this, from DHS, now, about "Left-wing Extremists" http://www.foxnews.com/projects/pdf/Leftwing_Extremist_Threat.pdf lb,

that why you’re seeing stuff like this, from DHS, now, about “Left-wing Extremists”
http://www.foxnews.com/projects/pdf/Leftwing_Extremist_Threat.pdf

]]> By: karen http://www.ritholtz.com/blog/2009/04/say-hello-to-frannie/comment-page-1/#comment-162410 karen Wed, 15 Apr 2009 20:53:07 +0000 http://www.ritholtz.com/blog/?p=23714#comment-162410 Jeff, the new macbooks are worth it in price... although the screen size is 13" at largest... and i need 15" so i'll probably end up with another macbook pro which is overpowered for my needs. i had the 17" before and it was cumbersome when traveling... i have the iphone... it's definitely fun and was my first "not free" phone so i justified it. a phone with actual keys on it might be easier to use however... i have total and automatic sync though with mobile me... my calendar, my contacts, my email... either device i use it instantly updates the other.. and your iphone is your ipod as well : ) Jeff, the new macbooks are worth it in price… although the screen size is 13″ at largest… and i need 15″ so i’ll probably end up with another macbook pro which is overpowered for my needs. i had the 17″ before and it was cumbersome when traveling… i have the iphone… it’s definitely fun and was my first “not free” phone so i justified it. a phone with actual keys on it might be easier to use however… i have total and automatic sync though with mobile me… my calendar, my contacts, my email… either device i use it instantly updates the other..

and your iphone is your ipod as well : )

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