Fanniefredderung

Catchy name! But aren't you being a bit inconsistent? In your earlier posts you pointed out (rightly, in my opinion) that Fannie and Freedie were more the victims of the housing market crash than the reasons for it.

Well, first, a foolish consistency is the hobgoblin of little minds.

Second, I like Fanniefredderung because it doesn't really take sides. It's the twilight of the mortgage gods, whether or not they're to blame. Now I agree that at the moment, with the Fanniefreddieplex accounting for 172% of net mortgage lending, it doesn't look much like twilight. But I've got to think that they'll never be what they once were. Either they'll become much more explicitly government-controlled entities (the likeliest result, I imagine) or they'll be broken up into little bits.

Fanniefredderunggate would be more modern. everything needs a gate tacked on the end...

No no no, I hate the -gate! My secret agenda is to replace it with -dämmerung (or some variation thereof) as the default scandal/debacle suffix.

Justin Fox: "Well, first, a foolish consistency is the hobgoblin of little minds. "

Are all consistencies foolish? Wonder what Emerson would have to say about foolish inconsistencies?

"No no no, I hate the -gate! My secret agenda is to replace it with -dämmerung (or some variation thereof) as the default scandal/debacle suffix."

I am fairly certain at this point in time that journalism students spend an entire semester (possibly two) learning how to correctly coin a phrase for a scandal and then add -gate to the end of it.

Three Loans for the credit-cards with balances mounting,
Seven for the Morgage Lenders in their rush to meet demand,
Nine for Student Borrowers doomed to drag out forever,
One for the Big Feb in Washinton
In the Land of Credit where the Projections fail.
One Loan to debit them all, One Loan to fee them,
One Loan to drag them down and in the future deflate them
In the Land of Credit where the Projections fail.

Justin,

Too coin an old phrase we have something akin to Reagan's "Voodoo Economics."

Instead, what we now have is either a Voodoo Capitalist Cycle or a Chernobyl Effect.

Finally, I'll quit with the Mortgage Market Meltdown.

i vote for chernobyl economics

I prefer Tschernobylökonomie

I second the call for Chernobyl Economic Cycle.

[...] which doesn't really count--has caught on. (I'm especially distraught about GMerdämmerung. First Fanniefredderung fails to make it to the big-time, and now this. I've had it with this country's anti-Wagner bias!) [...]