Wake up Fannie, I think I got something to say to you ...
So it’s all come unstuck for Fannie and Freddie, and we may all suffer.
All you did was wreck my bed
And in the morning kick me in the head
These guys were riding for a fall: the
You lent me for a way-big home
Just to say you were willing to loan
With unforeseen consequences ? Nope, this is Black Swan author Nassim Nicholas Taleb in 2006:
"Fanny (sic) Mae, when I look at their risks, seems to be sitting on a barrel of dynamite, vulnerable to the slightest hiccup … The increased concentration among banks seems to have had the effect of making financial crisis less likely, but when they happen they are more global in scale and hit us very hard – I shiver at the thought."
You made a first-class fool out of me
But I’m as blind as a fool can be . . .
Fannie, I wish I’d never seen your face