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I may be quick to notice a misspelled word, misplaced apostrophe or misused comma, but ask me anything about the financial markets and what you'll get is an expression blanker than George Bush's when asked to point to Pakistan on a map.
Meaning: I don't know the first thing about investing, stocks, mutual funds, etc. In fact, finance holds the dubious distinction of being the only subject I know less about than sports. I can explain the finer points of a free-throw, but I'd be a dead woman if my life depended on explaining how the stock market works.
And yet, it's important to me to have as good an understanding as I can of what's going on in the world around me. That's why I'm glad to have come across this handy summary of what the hell this Fannie Mae and Freddie Mac business is all about. (No, they're not characters in a William Faulkner novel!)
I hope you find it helpful, too. I aim to inform as well as to please!
Posted by ayelet at September 8, 2008 05:08 PM