From one of my readers:
It's not a news story; it's something I witnessed personally. Freddie
Mac lost $2B last quarter and plans to lose another $2B next quarter on
$9B in revenue (20% losses). To celebrate, they threw a decadent
holiday party at the Ritz Carlton in exclusive McLean, VA. They had a
laser printer that printed pictures on chocolate lollipops for the
kids, hors d'oeuvres, entertainment. You'd think it was the Goldman
Sachs partners dinner. Alas, it was a Government Sponsored Enterprise
pissing away money right before they're going to need a taxpayer
bailout.
Editor's note: I know sometimes you need to motivate the troops, but this does look rather awkward considering the current state of affairs. Maybe its time to start cutting back on the chocolate lollipop laser printers???
Reggie,
Please don't get arrested for spying on Freddie Mac. We all enjoy the blog too much to have you locked up.
:-)
Posted by: Mark | December 14, 2007 at 02:36 PM
C'mon, that has to be the worst Ritz-Carlton in the world. And it's in not-at-all exclusive Tyson's Corner (practically in the mall), not McLean.
Posted by: zaleriana | December 14, 2007 at 03:48 PM
yes, this blog is too nice to have you locked up. Freddie and Fannie have already been in trouble, not you.
Posted by: Stop Foreclosure | March 25, 2008 at 02:51 AM
yes, this blog is too nice to have you locked up. Freddie and Fannie have already been in trouble, not you.
Posted by: Stop Foreclosure | March 25, 2008 at 02:52 AM