New Orleans        It seems clear we are now looking at an implosion on Wall Street and of financial institutions of almost historic proportion.   The news all weekend and widely confirmed by headlines across the country recorded the collapse of Lehman Brothers and its eminent liquidation and bankruptcy under Chapter 11, and the bargain basement …

New Orleans        Fannie Mae and Freddie Mac are the core supports for the housing mortgage markets in the United States.  The tricky thing, or what Wall Street may thought was the “beauty thing,” about both of these quasi-private, quasi-public outfits, is that there was a “wink-and-nod” that even though there are shareholders, million-dollar plus …