Fannie Mae Lost a Small Country

Housing and Money

Fannie Mae (NYSE:FNM) this past quarter lost more than the country of Costa Rica will produce in GDP this year. Congress is criticizing who?

Lehman Default Swaps Settle: "The Market" Works

Lehman Brothers

Just a little lesson in the market and its ability to handle shocks to the system. It isn't always pretty, but it does work.

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