Posted on 09/06/2008 12:18:43 PM PDT by zeestephen
Monday will be a blood bath for FNM and FRE common stock. Other financials will probably do very well since the gov’t is now actively moving to back the debt.
Take a look at Friday’s aftermarket trading in stocks like Washington Mutual, Citi, Bank of America, Wells Fargo, Goldman Sachs, Merrill ... All up, even after the news hit.
You bet wrong.
Agreed. I have considered both stocks to be speculative for at least a year. Another clue I had was a few years back, I believe, when Fannie was unable to attract a solid new CEO.
So are you saying...we should not stop him?
When he pushes amnesty, should we just nod our heads in approval or stay quiet and roll over?
When he takes our paychecks to pay for more of his Big Government schemes, including bailouts of private companies such as Freddie Mac, Fannie Mae, and GM with taxpayer money, as well as the carbon cap-and-trade, should we just nod our heads in approval or stay quiet and roll over?
When he tries to shut down the First Amendment again, should we just nod our heads in approval or stay quiet and roll over?
Oh wait, we won't have another option at that point!
Gee, that is perceptive of you.
Not only not stop him but elect him!
They should collect the good assets and break up the two into 30-40 smaller companies that are not too big to fail. Have an IPO for each one, and with the proceeds raised, pay off the bond holders of fannie and freddie. For the bad debts that cannot be sold off, hand them to the treasury, and write them off as a decrease in the money supply (deflation).
Sheep either have a good group of shepherds willing to drive off wolves and bandits — or they get killed and eaten. As sad as it may be for the sheep — that is what has happened. The sheep voted in the wolves and tolerated the bandits.
Bend over .... you know it’s coming.
In Aesop’s fable, the frogs exchanged King Log for King Stork. We are the frogs, but we don’t have the option of choosing King Log. We can make a very, very big stork our king, or just a very big stork. That’s McCain, King Very Big Stork.
verity asks: “How much are you going to lose?”
I don’t buy individual stocks.
Most of my money is in the SP500, so I probably dropped about 2% over seven years because of Fannie and Freddie.
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