Too busy at the moment, of course (go figure), but there's an article in today's NYTimes that is interesting in light of an article I read the other day in the Atlantic. The latter is "Infectious Exuberance" by Robert J. Shiller, an economist at Yale, about the residential real estate "boom and bust" and contagious tendencies, and the former is "Fannie and Freddie Shares Fall by as Much as 50 Percent" by Michael M. Grynbaum, which is pretty self-explanatory. The end of the article reads:
"The officials involved in the discussions stressed that no action by the administration was imminent and that Fannie and Freddie are not considered to be in a crisis situation. But in recent days, enough concern has built among senior government officials over the health of the giant mortgage finance companies for them to hold a series of meetings and conference calls to discuss contingency plans."
Funny word: "health." Hm...
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