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Buzz and Banter


Thanks for the heads up on the WSJ article, Scott. Remember back in the day when, between Fannie Mae (FNM: NYSE) and Freddie Mac (FRE: NYSE), FRE was considered the "less risky" sibling? Back then the paired trade du jour was long FRE and short FNM.

I suppose the perception now is that the cat is out of the bag re: FRE, but as Scott and Succo both have pointed out it's a big bag, and I wonder if we have seen the last of the cats. (With apologies to the critters, especially Phoebe and Zoe).

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Positions in FNM.

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