[MEG33]

We are the ones at risk!It's our money.

[ggekko]

Its worse than that. The smart money believes that these two agencies have been speculating interest-rate derivatives to enhance yields of the mortgage-backed securities that they issue.

If this is the case then that is adding insult injury: the executives of these two quasi-governmental agencies have been speculating using the public's dime and then hiding losses in byzantine financial statments.

It makes Martha Stewart's alleged pecadillos seem mild by comparison.

[ggekko]

Its worse than that. The smart money believes that these two agencies have been speculating interest-rate derivatives to enhance yields of the mortgage-backed securities that they issue.

If this is the case then that is adding insult injury: the executives of these two quasi-governmental agencies have been speculating using the public's dime and then hiding losses in byzantine financial statments.

It makes Martha Stewart's alleged pecadillos seem mild by comparison.