Vinny’s Blog

What is debt ? You can find lot of definitions in books but my definition in simple words, it’s money borrowed which sometime in future must be paid back. Interestingly if it need not be paid back then, it becomes a gift or a donation.

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We all know about Fannie and the sister company Freddie. Like I mentioned in my previous post get ready to see lot of fireworks and looks like already the show is in the planning stage. Lot of ideas have been floated since recently and criticized. Just check out the headlines.
Fannie, Freddie must not be allowed [...]

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Fannie Mae and Freddie Mac you’ve heard about the problems they are having so, I am not going to bore you with some old news. But, what I could do is to tell you the extent of their problem and how the problem is being managed which is another fine example of cutting [...]

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