It seems Freddie Mac is going out of existence soon. For a $2bn market company (as of now, when stock has fallen another 20% after being massacred throughout the week), how does it raise $10 bn? Bush administration is going to be forced to do something dramatic just before it bows out of the White House.
I just saw the fight that really launched HBO (and the cable TV industry) in 1975 on ESPN. Thriller in Manila - the fight between Ali and Frasier - was the first live telecast using satellite. Gerald Levin was the brain behind this. He was also the CEO of Time Warner 25 years later when it merged with AOL - the largest M&A deal ever.
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