TITLE

Too Fat to Fail

AUTHOR(S)
Zuckerman, Mortimer B.
PUB. DATE
August 2008
SOURCE
U.S. News & World Report;8/4/2008, Vol. 145 Issue 3, p72
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
An editorial is presented discussing the potential failure of financial companies Fannie Mae and Freddie Mac. The author explains his opinions on why the companies failed. The reasons include how both had too much leverage on the loans and how they were able to get away with too many things for too long. The author further discusses the housing markets' decline and what could happen to companies such as loan and subprime firms.
ACCESSION #
33378573

 

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