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Toddo On TV: IndyMac and the Temple of Global Financial Market Doom


Markets, movers and more.

Toddo's rested, not rusty, and spewing insight about the Fannie Maes (FNM) and Freddie Macs (FRE) of the world. Look, we're talking about $5 trillion of U.S. mortgages here. The Federal Reserve had to do something. That said, any time you privatize gains and socialize losses, you run the risk of moral hazard. But the central question for global financial markets isn't the reaction to Fannie and Freddie - it's the reaction to IndyMac (IMB).

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