Thursday, June 11, 2009

Fancy Fannie Mae

This building is up in Friendship Heights, as is American University. At first I thought it must be part of the AU campus. Wrong.

It also has the vague aura of a country club, or perhaps a very large banking institution. Wrong.

This monstrously palatial building houses the government agency whose mission is (according to their website) "provide liquidity, stability and affordability to the U.S. housing and mortgage markets."

Hmmm. Think the banks loss of $23.2 billion in the first quarter of this year might have something to do with the fact that they seem to have a bit of trouble being thrifty? Nice example setting.

Oh, and can I just mention that they have their own stoplight. I'm sure all the cars who have to screech to a halt on Wisconsin in order to let people out of the Fannie Mae parking lot are thrilled.

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