No cash for clunkers

June 28, 2010 in Finance

I'm a big fan of Emanuel Derman's work, his book and, most recently, his blog. In his latest post, Derman shows his lighter side with an entry in a contest for "plithy personal ads":

"FANNIE MAE with troubled assets, bored with Freddie Mac, seeks well-regulated stimulus package from counterparty too big to fail. No cash for clunkers."

His submission won an Honorable Mention.

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