Fed President Speaks on GSE Risks

This is St. Louis Fed President Pooles Speech on GSE (FNMA-FHLMC-GNMA-FHA-VA) risks.

I advise anyone holding or considering MREITS or GSE or MBS to read this speech.

An excellent view on the following types of risk; credit, prepayment, interest rate, liquidity, political, regulatory and operational.

http://stlouisfed.org/news/speeches/2005/1_13_05.html