Board-Ansicht
Mix-Ansicht- FED redet Tacheles zu den Risiken der GSEs - kingsolomon, 10.03.2003, 15:23
- Re: Very important! - dottore, 10.03.2003, 15:54
- wow damit meldet er sich wieder nach September 2002 glaube ich - nasdaq, 10.03.2003, 16:49
- Re: FNM verliert momentan auch schon 6.8 % ggü. Vortag (owT) - Ecki1, 10.03.2003, 18:12
wow damit meldet er sich wieder nach September 2002 glaube ich
-->Damals zeigte er sich bedenklich über den niedrigen EK-Anteil bei FNM und FRE nur zur Erinnerung.
>Reuters
>Fed's Poole-shocks to Fannie, Freddie could spread
>Monday March 10, 9:03 am ET
>WASHINGTON, March 10 (Reuters) - An unexpected financial shock at either of the top U.S. home finance companies, Fannie Mae (NYSE:FNM - News) or Freddie Mac (NYSE:FRE - News) could inflict heavy damage on the broader U.S. economy, St. Louis Federal Reserve Bank President William Poole said on Monday.
>"Should either firm be rocked by a mistake or by an unforecastable shock, in the absence of robust contingency arrangements the result could be a crisis in U.S. financial markets that would inflict considerable damage on the housing industry and the U.S. economy," Poole said at a symposium on the two companies, known as government-sponsored enterprises.
>Surprises that destabilize financial markets can and do occur with some frequency, Poole said. Because of the scale of the short-term debt obligations of Fannie Mae and Freddie Mac, a problem at either company would spread quickly, he said.
>"A market crisis could become acute in a matter of days, or even hours," Poole said.
>The regional Fed president recommended the U.S. government withdraw one of the advantages it gives Fannie Mae and Freddie Mac to help expand U.S. homeownership -- the ability to lend either firm billions of dollars. This would make clear to markets that the U.S. government feels no obligation to guarantee the companies' debt.
>Fannie Mae and Freddie Mac should also be required to hold greater capital as a cushion, Poole said.
>"My sense is that the firms are vulnerable to nonquantifiable risks because their capital positions are so low," he said.
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