Props to Laurie Ruettiman, my fave HR Punk Rocker for starting the "Who in Human Resources gives a shit about Freddie and Fannie?" discussion. (Actually, that was my description. She would rather watch the Entourage season premier on HBO.)
Personally, I couldn't make it through the new HBO offering, True Blood. Vampire porn was too much for me, and there is already enough blood in the water from the economy. 
Laurie gives some great sources for information on this topic at her site.
- You can hit The Wikipedias to find out more about Fannie Mae & Freddie Mac.
- USA Today has a good FAQ on Fannie & Freddie — and it’s written for normal people who don’t like jargon.
- Finally, I give you the Subprime Mortgage Crisis for Dummies (in powerpoint, no less). There are stick figures just like xkcd.
We had a preliminary discussion last night on twitter where I told her everything she needed to know in 100 words or less. You can check this out or thrash your way through the really tough USA Today FAQ.
Freddie/Fannie Tweets for Dummies
mvndrvrt @lruettimann Execs departing Fannie & Freddie Mac may enormous payoffs Freddie CEO Richard Syron may get $14.1 million thx to emp contract less than 5 seconds ago from web in reply to lruettimann
mvndrvrt @lruettimann Breaking news: Freddie and Fannie will also help keep Asian banks happy by paying them for bond investments less than 5 seconds ago from web in reply to lruettimann
@lruettimann If large, that would be problematic for Obama in the future if he won the election about 17 hours ago from web in reply to lruettimann
@lruettimann it would be interesting to look at big labor pension plan investment holdings to see what interest they had in these companies about 18 hours ago from web in reply to lruettimann
@lruettimann it is sure to be played up in the elections. Shock and mismangement from the Dems. Leadership by W from McCain. about 18 hours ago from web in reply to lruettimann
@lruettimann it puts the government into the bail-out business again. Maybe they will put Lee Iaccocca in charge about 18 hours ago from web in reply to lruettimann
@lruettimann some of Henry Paulson's chums at Goldman Sachs are sure to benefit in some fashion about 18 hours ago from web in reply to lruettimann
@lruettimann there will be litigation over compensation and bonuses for the executives who are getting the boot about 18 hours ago from web in reply to lruettimann
@lruettimann it may help some other people by stabilising mortgages, and allegedly making home buying simpler again about 18 hours ago from web in reply to lruettimann
@lruettimann it is going to damage retirement finances for many people who will lose their investments in common stock about 18 hours ago from web in reply to lruettimann
mvndrvrt @lruettimann Breaking news: Freddie and Fannie will also help keep Asian banks happy by paying them for bond investments less than 5 seconds ago from web in reply to lruettimann
@lruettimann If large, that would be problematic for Obama in the future if he won the election about 17 hours ago from web in reply to lruettimann
@lruettimann it would be interesting to look at big labor pension plan investment holdings to see what interest they had in these companies about 18 hours ago from web in reply to lruettimann
@lruettimann it is sure to be played up in the elections. Shock and mismangement from the Dems. Leadership by W from McCain. about 18 hours ago from web in reply to lruettimann
@lruettimann it puts the government into the bail-out business again. Maybe they will put Lee Iaccocca in charge about 18 hours ago from web in reply to lruettimann
@lruettimann some of Henry Paulson's chums at Goldman Sachs are sure to benefit in some fashion about 18 hours ago from web in reply to lruettimann
@lruettimann there will be litigation over compensation and bonuses for the executives who are getting the boot about 18 hours ago from web in reply to lruettimann
@lruettimann it may help some other people by stabilising mortgages, and allegedly making home buying simpler again about 18 hours ago from web in reply to lruettimann
@lruettimann it is going to damage retirement finances for many people who will lose their investments in common stock about 18 hours ago from web in reply to lruettimann
I updated my blog with the information you gave me about the executive severance payments. OF COURSE those doods will make out like bandits. It's the American dream, right?
ReplyDeleteYou know it...where do I get mine??? I never got myself in that position, and never will! It might make a good self help book though: How to get rich by screwing up while screwing others...
ReplyDelete