[PW] is it really an acronym if the letters don't match?

[Michael Caricofe]

"Existed" is not quite correct. Sallie Mae and Freddie Mac are still
operating.

Michael

On Nov 14, 2007 2:49 PM, Michael J. Lowrey <orangemike at gmail.com> wrote:

> On Nov 14, 2007 3:50 PM, John Henderson <jhenderson at ithaca.edu> wrote:
> > Is Fannie Mae an acronym, or is there a better term for it? Fannie Mae
> > stands for the Federal National Mortgage Association.
>
> It's an old nickname, which originated among those who had to use the
> actual acronym (FNMA) every day. A whole family existed: Sallie Mae
> (SLMA) and Freddie Mac (FHLMC) were the other siblings.
>
> --
> Michael J. "Orange Mike" Lowrey
>
> "When I get a little money I buy books; and if any is left, I buy food
> and clothes."
>     --  Desiderius Erasmus
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