Quote of the Day
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Friday, October 03, 2008 at 8:59 PM |
"In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's."
-- NY Times, Sept. 30th 1999.