Fannie and Freddie

Reading the coverage about Fannie Mae and Freddie Mac, a recent comment by a senior HSBC economist, reviewing the attitudes and approach of central bankers, came to mind: “U.S. central bankers are like the U.S. military ~ rush in, all guns blazing and never mind the collateral damage”.

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Author: wilks

I called myself Wilks when I first started blogging. The idea was that it would afford a measure of anonymity. For much the same reason, there was no photo. Times change, hence the photo, but I decided that even when I changed the blog’s title at the start of 2009, I should remain Wilks.

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