Look on the bright side… at least you can be thankful that the following charts are not your vital signs!
Here are some interesting BNN clips…James Lockhart, Director of the Office of Federal Housing Enterprise Oversight, joins Bloomberg to discuss the recent losses seen at Fannie Mae and Freddie Mac and the outlook for more losses in the future. One of the most interesting bits Lockhart alludes to is “model risk” exposure. Could this hint that Fannie and Freddie have some “Marking to Market” to do?
Watch Lockhart Talk Losses now on BNN!
Mark Zandi, Chief Economist with Moody’s Economy.com joins Bloomberg to discuss the latest declines in consumer confidence and the prospects for recession. Zandi states that the Fed has to act and lower rates as the economy is on the “verge of recession”.
Watch Zandi Lose Confidence now on BNN!
Happy Thanksgiving from PaperEconomy!
