Comments on: "Fanniemaeville" is America's largest ghost town http://housingdoom.com/2008/11/11/fanniemaeville-is-americas-largest-ghost-town/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: twist http://housingdoom.com/2008/11/11/fanniemaeville-is-americas-largest-ghost-town/#comment-14813 twist Tue, 11 Nov 2008 14:15:42 +0000 http://housingdoom.com/?p=1796#comment-14813 John- Yesterday's announcement of FNM's $29B loss reminds me of a sign I saw in a pizza place once: <em><blockquote>We are a non-profit organization. That's not how we intended it, it just worked out that way. : )</blockquote></em> That said, being a non-profit with CEOs who don't live like robber barons makes a lot more sense than the current business model. John-

Yesterday’s announcement of FNM’s $29B loss reminds me of a sign I saw in a pizza place once:


We are a non-profit organization. That’s not how we intended it, it just worked out that way. : )

That said, being a non-profit with CEOs who don’t live like robber barons makes a lot more sense than the current business model.

]]> By: John M. http://housingdoom.com/2008/11/11/fanniemaeville-is-americas-largest-ghost-town/#comment-14812 John M. Tue, 11 Nov 2008 12:45:20 +0000 http://housingdoom.com/?p=1796#comment-14812 I still have no idea if Prof John Vogel is related to Jim Vogel (who <em>does</em> seem to have a few clues). Anyway, from about a month ago <a href="http://www.youtube.com/watch?v=R7nZo4zUUb8" rel="nofollow">here he is making the modest proposal</a> that the custodians of America's $5 trillion off-balance-sheet vehicle should be non-profits. Gee, does that make them bankruptcy remote? I still have no idea if Prof John Vogel is related to Jim Vogel (who does seem to have a few clues). Anyway, from about a month ago here he is making the modest proposal that the custodians of America’s $5 trillion off-balance-sheet vehicle should be non-profits. Gee, does that make them bankruptcy remote?

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