Friday, August 29, 2008

Freddie Mac on the offensive

So I'm watching some videos on CNN and what do I see? How about a nice marketing fluff piece by none other than our favorite mortgage sieve, Freddie Mac, FRE. Clearly all the hubbub surrounding these quasi governmental entities, Freddie and Fannie, FNM, going the way of the Dodo have prompted their officials to go on a marketing offensive. Seriously? What's wrong with these people?

For those who have been living under a rock these past few months, Freddie and Fannie are on the verge of collapse with a fully funded backstop ready to be dolled out by the taxpayer. With all this going on these guys figure a quick PR blitz is just what the doctor ordered. Good job, guys.


0 comments: