Rumors Fly Surrounding Fannie Move to Shift $135b in Securities to Trading Account
October 18, 2002
Fannie Mae caused a minor furor among government-sponsored enterprise watchers this week when it quietly disclosed that it had shifted a huge $135 billion in securities into the “available-for-sale” category. The disclosure, contained in Fannie’s earnings announcement released this week, puzzled more than a few analysts since the move was apparently linked to the pending application of the GSE’s new risk-based capital