Friday, August 19, 2005

Give us this day our daily mortgage

Pope Benedict XVI not only has a political alliance with Dubya, he's locked into his housing bubble too. Via the Wall Street Journal (subs. req'd):

Fannie Mae and Freddie Mac [mortgage guarantee corporations] face political controversy in Washington, but their securities remain popular with foreign investors -- including Pope Benedict XVI. New government statistics show Vatican City holding $84 million of debt issued primarily by the companies, compared with $61 million issued by other U.S. corporations.

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