We've long since passed the point of repetitiveness with Fannie Mae
So to make it easier to write further columns about regulators stepping on Fannie Mae's neck, I have put together a brief standardized form for future use, with apologies to Penguin Putnam: The Fannie Mae Mad Lib.
(For any of you unfamiliar with Mad Libs, why not try one online at the Penguin website?)
The Fannie Mae Mad Lib
Today the _______________ (regulator) __________________ (action verb) Fannie Mae over treatment of its ______________ (financial term) and requested additional information from the company.
Fannie Mae ______________ (verb) the regulator's request and stated that it has complied with all _________________ (plural nouns) regarding _______________(same financial term as above).
People familiar with the matter believe that the change will impact Fannie Mae's ___________(financial term) by ______________(verb) income by $___ (number) billion. An analyst with _________(proper name) & __________ (proper name) called the change "immaterial," and said that he places a Strong _____ (verb) on Fannie Mae stock.
Some investors have grown increasingly suspicious of Fannie Mae, certainly part of the reason the stock has dropped from a high of $79 to today's price of $____ (number).
That ought to cut down on the work next time regulators uncover yet another problem at Fannie Mae.
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Bill Mann owns no shares of any company mentioned in this article.