Question
Mr. Walsh, in an attempt to reduce Lehmans exposure to the Archstone transaction, sold $8.9 billion of the Archstone debt to Fannie Mae and Freddie
Mr. Walsh, in an attempt to reduce Lehmans exposure to the Archstone transaction, sold $8.9 billion of the Archstone debt to Fannie Mae and Freddie Mac and persuaded The Bank of America and Barclays to buy $2.4 billion of the Bridge Equity.
- By purchasing mortgage debt originated by Lehman Brothers, were Fannie Mae and Freddie Mac fulfilling one of the roles envisioned for them when they were created?
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
