Month in review: May, 2006
[Previous months in review: Apr, Mar, Feb, Jan, Dec-05.]
May’s big news was the ever-unfolding Fannie Mae scandals, which compelled me to devote three posts to the basis of government-sponsored enterprise (GSE) economics.
The things we can make with money …
Because the GSE have an implicit Federal guarantee of their securities, they can always achieve a […]
