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Archive for July 17th, 2008

Thu 17 July 2008 - Press Club transport debate

The Melbourne Press Club have put up the MP3 recordings of last month’s “Public Transport: Ticket to Where?” debate. Their web page is a bit confusing (you have to click on the Quicktime logos), but here’s a summary of the MP3s:

Happy listening.

Thu 17 July 2008 - Too cutesy by half

If you were wondering (because I was), about the Freddie Mac and Fannie Mae names that are way too cutesy to be companies managing $6 trillion in funds… turns out they are actually the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association respectively.

There’s also:

  • Farmer Mac (the Federal Agricultural Mortgage Corporation)
  • Ginnie Mae (the Government National Mortgage Association)
  • Sallie Mae (SLM Corporation, formerly the Student Loan Marketing Association)
  • and the latest one in trouble, IndyMac (Independent National Mortgage Corporation)

Hmm. It seems our friends across the pond have a liking for giving gigantic monolithic corporations cutesy names.

Which is fair enough. Though you know where you are with an acronym like NAB.