Bowie Bonds: Risk, Bonds and Fannie Mae
Dec 24th, 2004 | By Dan Denning | Category: Macro Economics
Dan Denning explains Bowie Bonds and where they came from, and goes from there into a discussion of the risks and rewards of securitized assets, specifically going into Fannie Mae and Freddie Mac.
THE PRINCIPLE BEHIND the Bowie Bonds is straightforward, albeit derivative. You are buying a stake in the future ...read more
