Saturday, April 4, 2026 
Fannie and Freddie Bailout
Is anybody going to write about the real conversation that took place today in the meeting with Fannie (FNM) and Freddie (FRE)?? OK I will.
The Players:
Hank Paulson
Bennie Bernanke
Danny Mudd
Dick Syron
Jimmy Lockhart
They all stared at the ground.
Then they all looked up at each other.
Eventually all eyes fixed on Hank Paulson.
He stared forward intensely.
He turned a bit more red. Then he snickered. Then he laughed a bit and said:
“Well boys. As they say in Investment Banking…
HOW ARE WE GOING TO PUT LIPSTICK ON THIS PIG.”
From then on nothin’ but rip roarin’ laughter.
Oh Yeah. This one reads just like a good old mafia movie.
I wonder who will direct it?
Maybe I’ll be in it?
I’d like to play Hank.
Remember, Hank is the real brains of the operation.
He sold at the top.
Pig
[...] the bailout of Fannie (FNM) and Freddie (FRE) was announced, I posted a somewhat smug interpretation of the events. Let me be clear. I was not in the room. I am not in charge. There are many factors [...]
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