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Mr. Hull's Giant
“There's a sucker born every minute."

by Bill Fox, Senior Bonds Analyst
8/22/2008 6:45:00 PM

In the summer of 1868, Mr. George Hull of Binghamton, New York, decided to pull off a hoax. He had a gypsum block carved into the shape of a giant dead man, buried at a farm near Cardiff, New York -- and then later, he had it dug up. Thousands of people flocked to pay and see "Mr. Hull’s giant." And here we are, 140 years later...

Filed Under: Bigfoot, hoax, p.t. barnum sucker, mr. hull's giant, credit crunch, Fannie Mae, Freddie Mac, gse
Category: Economy


Zeno of Elea
The foreign appetite for US debt will be tested, as will the pocketbooks of American taxpayers.

by Bill Fox, Senior Bonds Analyst
7/24/2008 5:45:00 PM

I was surprised to see today that the U.S. Treasury Secretary Henry Paulson had created the infinite from the finite. Last I heard regarding the Fannie and Freddie saga was for the Treasury to buy $2.5 billion of equity in the corporations, if needed. But today, that number became "undefined" or, if you will, infinite, as Congress hammered out details. More...

Filed Under: U.S. Treasury bond yields, gse, U.S. Treasury Secretary Henry Paulson, fannie, Freddie, insured mortgages
Category: Interest Rates


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