American - Author | January 6, 1973 -
For years, critics of Fannie Mae have warned that it does not give them enough information to judge its risks.
Alex Berenson
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Fannie Mae is owned by shareholders but operates under a federal charter that exempts it from paying state or local taxes. As a result, many professional investors think the government would repay the debt that Fannie Mae had issued if the company could not, although Fannie Mae explicitly says that its bonds do not carry a federal guarantee.
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Climate change might be disastrous, but does that mean we want carbon taxes that raise the price of a gallon of heating oil to $10? And how exactly will those taxes affect economic growth?
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The Wahhabists are the boogeymen, the guys who will chop the head off any American they catch. And they will destroy Iraq without a second thought if they believe that the instability will benefit them.
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The world is filled with great sporting events.
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Sochi started with the same problem as every Winter Olympics. Forget the crass commercialism, the fake amateurism, NBC's refusal to televise important events live to all its viewers. As an event, the Winter Games fail on the most basic level. They're lousy to watch.
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Downhill track sports like luge are technology battles, as exciting as a NASCAR qualifying day.
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Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.
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Plumbing is usually boring.
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It's no secret that big institutional investors have a lot of advantages on Wall Street. They get the first chance to buy hot initial public offerings. They get to meet in person with companies' managements.
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For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public.
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While Wall Street firms typically underwrite offerings in teams, the lead underwriter, or manager, of the offering has primary responsibility for selling the offering and reaps much of the fees and profit.
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