Fannie-Freddie: public policy mangled

The Fannie-Freddie panic began on Wednesday -- that is, this Fannie-Freddie panic, as opposed to the prior ones. The firms had already lost 90 percent of their stock value, and can continue to lose half of their remaining value every day forever with no trouble. It's losing the other half that's a problem.

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.