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Michael Brandl > Macro Updates > Archives > July 16, 2008

 

July 16, 2008

Bank Failures and Fannie/Freddie.

Financial markets have certainly been in the news over the past few weeks, haven't they?  We have the FDIC taking over IndyMac in what may turn out to be the largest bank failure in U.S. history.  Also, we have the near collapse of Fannie Mae and Freddie Mac with the Fed and the feds rushing to pump in liquidity.  But, there might be a slightly different way to think about these news events. For my take on it see:

 

All the best,

M. Brandl